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70% of All My Wealth Is in Bitcoin, Asserts Mexicos Richest Man Amid $1M Price Prediction

admin by admin
June 22, 2026
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Mexican billionaire Ricardo Salinas, a well-known Bitcoin advocate, has doubled down on his bullish outlook, confirming that a significant portion of his investment portfolio remains allocated to Bitcoin.

Speaking during a Thursday interview with Coindesk, Salinas clarified remarks that have circulated widely online regarding the size of his Bitcoin exposure.

“Wealth includes a lot of assets,” Salinas said. “What I said is I have 70% of my liquid portfolio, of my investment portfolio, so my financial assets, excluding my businesses, excluding my real assets like home, boats, planes, cars, whatever.”

He added that, following recent market movements, his Bitcoin allocation has increased further.

“Now I’m up to about 80% Bitcoin in this dip and 20% gold and silver miners,” he noted.

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Remarkably, Salinas revealed that his journey into Bitcoin began in 2013 when the cryptocurrency traded between $200 and $400. Initially viewing it as another speculative asset, he later concluded that Bitcoin represented a fundamentally different form of money.

The billionaire credited much of his evolving perspective to studying monetary history and examining the shortcomings of fiat currencies. Over time, he became convinced that Bitcoin offered advantages that traditional stores of value could not match.

However, while he continues to hold exposure to gold and silver miners, Bitcoin remains his primary investment focus. He also dismissed the idea of rotating capital into artificial intelligence-related stocks, arguing that many AI investments appear overpriced from a value-investing perspective.

Meanwhile, Salinas continues to encourage individuals to take a long-term approach to Bitcoin ownership rather than focusing on short-term price fluctuations.

“For most people, what they should think is, as soon as you get some fiat and you wanna get rid of it, instead of buying some stuff, buy some Bitcoin and store it, and don’t look at it,” he said.

Additionally, the billionaire endorsed dollar-cost averaging, a strategy that involves purchasing fixed amounts of Bitcoin over time regardless of market conditions.

According to him, most people are not professional investors and should avoid attempting to time the market. Instead, consistent accumulation may provide a simpler path to long-term wealth preservation.

Beyond discussing portfolio allocation, Salinas also weighed in on Bitcoin’s long-term price potential.

When asked about forecasts from investors such as Cathie Wood and Michael Saylor that envision Bitcoin reaching seven-figure valuations, Salinas stopped short of offering a precise target date. However, he acknowledged that a $1 million Bitcoin is a realistic possibility.

“It will be a million dollars, but I don’t know when,” he said.

Notably, his optimism stems from Bitcoin’s fixed supply and what he believes will be growing global demand over time. Salinas argued that while real estate and other assets are influenced by local market conditions, Bitcoin operates within a global marketplace where adoption continues to expand.

The billionaire described Bitcoin as an “asymmetrical bet to the upside,” emphasizing that all future growth will be driven by demand since the asset’s supply is capped.

That said, as institutional adoption accelerates and governments around the world continue to deal with inflation and debt concerns, Salinas remains convinced that Bitcoin will outperform traditional assets in the long run.

At press time, BTC was trading at $64,344, reflecting a 0.52% gain in the past 24 hours.

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