According to a recent Kitoko news interview, Grupo Salinas and Mexico’s third most abundant male founder and chairman Salinas Ricardo Pliego have bolstered their purchases of Bitcoin.
Bitcoin trades at $104,900, over 6% from all of its highest. Pliego has not waned to drops. Others hesitate while he piles up.
Pliego UPS Bitcoin Exposure
He already holds about 70% of his portfolio in Bitcoin. Based on the report, he again boosted that sharing last week. He didn’t share the exact numbers, but called it “a considerable increment.” He’s not waiting for the perfect price. He wants more coins in his wallet before the next thing.
https://www.youtube.com/watch?v=9bgvq4lds4k
Market dip is considered a chance to buy
Bitcoin slides came after tensions in the Middle East rattled the market. However, Priego says his moves are not bound by the news of the war. He sees all dips as an opportunity to buy. Other major players do the same. That trend results in fewer coins moving between your wallet and exchange. On-chain data shows the wallet balance for the largest owner to climb despite the slipping price.
Inflation hedge discussion
Pliego warns that fiat currency will lose its value over time. He pointed out that the US dollar has lost about 90% of its purchasing power over the past 40 years. He echoed strategy Michael Saylor when he called Bitcoin a shield against the money print. Pliego wrote a book called “The Bitcoin Enlightenment.” There he insisted that the code marks the end of Fiat.
Long-term outlook remains strong
Big names acknowledge that Bitcoin can swing wildly when big economic news comes. He said holders should look past the daily charts. “Focus on where this is heading,” he told Kitoko News.
He is not alone. Coinbase CEO Brian Armstrong believes the country will hold more digital assets in the future than gold. The idea gives Pliego plenty of confidence.
Image: BCB Group
I’ll bet on the code
Pliego suggested that he might go all in one day. It puts all the pesos he owns into the code. It’s a bold plan. It’s also dangerous considering the history of crypto assets that moves 5-10% in a day. Still, his voice weighs heavily. When billionaires pile up, others pay attention.
Salinas Ricardo Priego has a big bet on the future of Bitcoin. He’s still buying it for $104,701, even after a 6% pullback. He sees Bitcoin as a way to dodge inflation and comes out first.
For now, he’s stacking up SATs and urges everyone else to board. If his bets pay off, early buyers can earn a great profit. Otherwise, they could face sudden losses. In any case, Pliego’s move shows that trust in Bitcoin remains strong among the wealthiest investors.
Unsplash featured images, TradingView charts
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