The cryptocurrency world is set to experience new waves! Ricardo Salinas Pliego, the third richest man in Mexico (with a net worth of $16.8 billion according to Forbes), has made a shocking move by investing nearly 70% of his personal assets (up to $10 billion) entirely into Bitcoin, staging a dramatic 'crazy gamble' and boldly stating on social media: 'Fiat currency is government-printed garbage; Bitcoin is the true gold!' Behind his audacious actions lie three major investment logics.
One, the doomsday warning that 'fiat currency will eventually go to zero'
Salinas Pliego is extremely pessimistic about the future of fiat currency, stating: 'Look at the peso, the dollar, the euro... which one is not a piece of paper printed infinitely by the central bank? Inflation is gnawing away at your wallet, while Bitcoin has a total supply of only 21 million! Scarcity is justice, code is law!' Driven by this ideology, he has long cleared out traditional stocks, deeming 'fiat assets as chronic poison' and considering Bitcoin the best choice to resist inflation.
Two, the anti-censorship declaration that 'buying Bitcoin is buying freedom'
As a business giant, Salinas Pliego understands the dilemma of wealth being constrained by regulation. The decentralized and non-freezable characteristics of Bitcoin become his powerful weapon against malignant inflation and government intervention. He claims: 'My money is determined by code!'
Three, the ruthless strategy of 'early positioning, making a thousand times profit'
It is reported that Salinas Pliego holds Bitcoin at a cost of less than $10,000, and now that BTC is stable at $60,000, he has already secured several times in profits. Additionally, his bank, 'Banco Azteca,' is planning to become the first bank in Latin America to support Bitcoin transactions, attempting to create a payment closed loop between fiat currency and BTC, demonstrating a strategic layout far beyond ordinary investors.
The global Bitcoin craze among capital
Salinas Pliego is not fighting alone; many whales around the world are flooding into the Bitcoin market:
- MicroStrategy (MSTR): Holds over 214,000 BTC, with a cost of nearly $8 billion; CEO Saylor states: 'Sell BTC? Unless I find an asset harder than it!'
- El Salvador: President Bukele has made daily Bitcoin purchases a national strategy, with the entire country hoarding Bitcoin.
- Wall Street giants: The Bitcoin ETFs launched by BlackRock, Fidelity, etc., have astonishing capital-raising capabilities, with daily inflows exceeding $500 million becoming the norm.
Faced with the deepening consensus on virtual currency among traditional capital and emerging wealthy individuals, a large-scale 'scramble for funds' has already begun. Salinas Pliego warns: 'Don't wait until the central bank prints away your savings before you think of Bitcoin!' However, it is important to note that the virtual currency market is filled with high uncertainty, with severe price fluctuations, and virtual currency-related business activities are considered illegal financial activities in China. Investors must remain rational, fully recognize the risks involved, and make investment decisions cautiously.
