Mexican billionaire Ricardo Salinas has a fresh game plan for his business empire. Despite financial challenges and tensions with the government, he remains optimistic about his vision.
His proposal to delist Grupo Elektra SAB will remove his conglomerate from public markets, granting him greater control.
Billionaire Ricardo Salinas Goes All-In on Bitcoin
Bloomberg reported that Salinas expects the move to be completed by May. With only 0.3% of shares still outstanding, the process should be relatively simple. “Despite everything wrong with Mexico, our businesses are doing well,” he said in a recent interview. “Now I’m free to do my stuff.”
A Firm Believer in Bitcoin and Gold
Beyond his businesses, Ricardo Salinas has a clear investment strategy. He favors what he calls “the hardest assets”—Bitcoin and gold. “I’m about 70% in Bitcoin-related exposure and 30% in gold and gold miners,” he revealed. He owns no bonds or stocks outside of his businesses.
Salinas is one of Mexico’s main Bitcoin advocates. With over 2 million followers on X(Twitter), he is among the few high-profile right-wing men.
A Controversial Public Figure
Salinas is no stranger to controversy and often clashes with politicians, journalists, and public officials. On social media, he goes by “Tio Richie” (Uncle Rich), flaunting his lavish lifestyle while delivering blunt critiques of Mexico’s political scene.
He is particularly critical of the ruling party, founded by former President Andrés Manuel López Obrador. He considers the political opposition weak and ineffective. “Something has to be done,” he said. “We’re thinking about that.”
Strong Views on Europe and CBDCs
Salinas recently spoke on the Lunaticoin podcast, where he criticized Europe’s economy. He called it a “museum” with little investment activity and said European regulators are forcing Central Bank Digital Currencies (CBDCs) on people.
He compared life under CBDCs to animals trapped in a zoo, saying Bitcoin gives people financial freedom. His book, The Bitcoin Enlightenment, talks about these same things.
Salinas is sure about his beliefs despite the challenges. He continues to invest in Bitcoin and gold while carefully making moves in his businesses. With a strong influence in Mexico, his next moves will be closely watched.
Salinas remains very sure in his vision by accepting Bitcoin and gold as the base of his wealth strategy. As he makes Grupo Elektra private and moves away from traditional financial markets, his moves highlight a growing shift among investors looking for alternatives to fiat currencies and government-controlled financial systems.
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