Mexican Billionaire Ricardo Salinas Bets 70% of His Portfolio on Bitcoin, Eyes $1 Million Price

Mexican billionaire Ricardo Salinas Pliego has increased his Bitcoin allocation to 70% of his investment portfolio, driven by his belief in Bitcoin's unseizable nature and potential for global value. He previously transformed Grupo Elektra from a furniture company into a consumer electronics and credit business, and now leads Grupo Salinas, a conglomerate with interests in media, finance, and retail.