Billionaire Ricardo Salinas Goes All-In on Bitcoin: “Buy Everything You Can”

Mexican billionaire and outspoken Bitcoin advocate Ricardo Salinas has doubled down on his bullish stance, declaring that Bitcoin is “not gonna go anywhere except up.”

Mexican billionaire Ricardo Salinas, a known Bitcoin bull, has doubled down on his bullish stance, saying that the apex coin is "not gonna go anywhere except up." In a recent interview, Salinas went all-in on Bitcoin, advising investors to "buy everything that you can." He highlighted why he believes BTC is the hardest and most valuable asset in existence.

The billionaire, who owns the third-largest bank in Mexico and is one of Latin America's richest men, is a vocal critic of fiat systems and prefers harder assets. He allocates 70% of his portfolio to Bitcoin-related exposure and the remaining 30% to gold and gold mining stocks.

"I don't have a single bond," he emphasized. "I don't have any other stocks except my own."

His position showcases not only his bullish view on BTC but also a complete departure from traditional finance vehicles, aligning with the growing sentiment among high-net-worth individuals who are seeking harder assets amid inflation and geopolitical uncertainty.

While many compare Bitcoin to gold as a store of value, Salinas believes that Bitcoin surpasses it due to its fixed supply and deflationary nature. He explained that gold supply inflates about 3% annually from mining, while Bitcoin's total supply is capped at 21 million, with over 20 million already mined.

"It's the hardest asset in the world. Not even gold is as hard," Salinas said. "There's only 1 million Bitcoin left to be mined, and that'll take until around 2140."

However, with a fifth of the Bitcoin supply yet to be mined, and given the rate of technological advancement, it's unclear what the relative hardness of the assets will be in 120 years' time.

Pointing to the long-term view needed for Bitcoin, Salinas advised against focusing on short-term price movements and instead encouraged consistent buying to dollar-cost average.

"Bitcoin, you have to think 10 years. Dollar-cost average. Buy every month, and that will take the uncertainty away."

Despite a recent 20% drawdown since the Trump inauguration rally, Salinas maintains that Bitcoin's trajectory is upward over time, driven by scarcity, decentralization, and increasing adoption.

"If you bought Bitcoin in 2012, you're doing very well," he concluded, highlighting the potential for significant gains over time with a long-term investment strategy in Bitcoin.