Ricardo Salinas Pliego, the second-wealthest man in Mexico, has revealed that 10% of his “liquid portfolio” is invested in Bitcoin.
The billionaire shared a video captured in “a Latin country” depicting banks throwing out garbage bags filled with paper money into a dumpster. He asserted that “paper money is worth nothing,” adding: “That is why it is always good to diversify our investment portfolio.”
Crypto Twitter reacted gleefully to the news that the world 166th-wealthiest citizen is significantly invested in Bitcoin, with Kraken’s Dan Held proclaiming that, “The institutional herd is stampeding.”
The billionaire also noted that the remaining 90% of his liquid portfolio is invested “in precious metals miners.”
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