Mexican Billionaire Invests Heavily in Bitcoin, Predicts Price Surge
- Ricardo Salinas Pliego has allocated nearly 70% of his investment portfolio to Bitcoin.
- He predicts that the price of BTC could reach $1 million, although no timeline has been provided.
- Currently, Bitcoin is trading around $65,900, recovering from a low of $64,505.
- The Royal Government of Bhutan recently moved an additional $34.61 million in Bitcoin to Binance.
- Bhutan still holds approximately $113.69 million in Bitcoin, contributing to market concerns.
Salinas’ significant investment reflects his belief that traditional fiat currencies will decline due to inflation and monetary policies. His bullish stance on Bitcoin as a superior store of value highlights growing confidence among some investors.
With Salinas’ portfolio allocation and price prediction for BTC at $1 million, investor sentiment remains mixed amid ongoing selling pressure from entities like the Bhutan government.
