Key facts
- Ricardo Salinas Pliego has allocated 70% of his investment portfolio to Bitcoin.
- Pliego views Bitcoin as a superior store of value.
- He predicts Bitcoin will reach a price of $1 million.
- Pliego expressed concerns about recent sell-offs by the Bhutanese government.
Mexican billionaire Ricardo Salinas Pliego has significantly reallocated his investment portfolio, with approximately 70% now held in Bitcoin. Pliego views Bitcoin as a superior store of value compared to traditional assets. He has publicly stated his belief that the price of Bitcoin will reach $1 million. In addition to his bullish outlook, Pliego also noted recent sell-offs of Bitcoin by the Bhutanese government. While he expressed concern over these actions, he did not provide further details on the nature of his concerns or the extent of the Bhutanese government's sales. This move by Pliego represents a substantial commitment to the cryptocurrency, positioning it as the dominant asset within his personal wealth management strategy.