Mexican billionaire Salinas holds 70% of assets in BTC, calls it better than real estate

Mexican billionaire Ricardo Salinas Pliego, who has an estimated net worth of around $5 billion, has called Bitcoin a better investment than real estate, CoinDesk reported. He stated his conviction that Bitcoin is the best long-term investment vehicle and that 70% of his portfolio is allocated to it. Salinas explained his view that traditional fiat currencies are set to lose purchasing power over time. He also shared that he persuaded his wife to take out a loan against her home to buy Bitcoin, acknowledging it as a controversial topic. Salinas stressed that everyone should consider converting at least some of their home equity into Bitcoin. He argued that since a home mortgage is often the largest investment and retirement fund for most people, they should find a way to invest that asset, whether large or small, into Bitcoin. This would allow them to benefit from potential appreciation in both their home equity and Bitcoin's value, he added.