{"id":13265,"date":"2025-06-20T05:03:33","date_gmt":"2025-06-20T03:03:33","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13265"},"modified":"2025-06-20T05:03:33","modified_gmt":"2025-06-20T03:03:33","slug":"mexican-tycoon-elevates-bitcoin-with-major-endorsement","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/20\/mexican-tycoon-elevates-bitcoin-with-major-endorsement\/","title":{"rendered":"Mexican Tycoon Elevates Bitcoin with Major Endorsement"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<div>\n<div class=\"trusted-editorial-content trusted-editorial-content--top\">\n<div class=\"trusted-editorial-content__text\"><u>Reliable Editorial<\/u> material, assessed by prominent industry specialists and experienced editors. <a href=\"#\" target=\"_blank\">Advertisement Disclosure<\/a><\/div>\n<\/p><\/div>\n<p>In a recent Kitco News interview, Salinas Ricardo Pliego, the founder and chairman of Grupo Salinas and <a href=\"https:\/\/www.investopedia.com\/articles\/investing\/012315\/5-wealthiest-people-mexico.asp\" target=\"_blank\" rel=\"noopener nofollow\">Mexico\u2019s third-richest individual<\/a>, has intensified his Bitcoin acquisitions.<\/p>\n<p><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin<\/a> is currently priced at $104,900, having decreased over 6% from its peak of $112,000. Pliego remains unfazed by the decline. He\u2019s accumulating while others linger.<\/p>\n<h2><strong>Pliego Increases Bitcoin Holdings<\/strong><\/h2>\n<p>He currently possesses around <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-04\/ricardo-salinas-pliego-on-elektra-delisting-bitcoin-mexico-tariffs\" target=\"_blank\" rel=\"noopener nofollow\">70%<\/a> of his assets in Bitcoin. According to reports, he raised that percentage once more last week. Although he did not disclose exact numbers, he described it as a \u201csignificant increase.\u201d He does not wait for the ideal price. He merely aims to acquire more coins in his wallet before the next phase.<\/p>\n<p><iframe title=\"&#039;The End of Fiat Is Now&#039; - Why Bitcoin and Gold Are the Future | Ricardo Salinas\" width=\"814\" height=\"458\" src=\"https:\/\/www.youtube.com\/embed\/9Bgvq4lDs4k?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><strong>Market Decline Viewed As Purchase Opportunity<\/strong><\/h2>\n<p>Bitcoin\u2019s downturn followed <a href=\"https:\/\/www.aljazeera.com\/news\/liveblog\/2025\/6\/19\/live-israel-attacks-iran-security-agency-trump-mulls-joining-conflict\" target=\"_blank\" rel=\"noopener nofollow\">Middle East turmoil<\/a> unsettling the markets. However, Pliego insists his actions are unrelated to war updates. He perceives every decline as a buying opportunity. Other significant investors are adopting the same strategy. This pattern results in fewer coins transferring between wallets and exchanges. On-chain data indicates wallet balances for major holders are rising even as prices decrease.<\/p>\n<h3><strong>Arguments for Inflation Protection<\/strong><\/h3>\n<p>Pliego has cautioned that fiat money depreciates with time. He highlighted that the US dollar has lost approximately 90% of its purchasing power over the last four decades. He echoed Strategy\u2019s <a href=\"https:\/\/bitcoinist.com\/more-bitcoin-incoming-michael-saylor-drops-hint-at-new-crypto-purchase\/\" target=\"_blank\" rel=\"noopener \">Michael Saylor<\/a> by asserting that Bitcoin serves as a safeguard against currency devaluation. Pliego even authored a book, \u201cThe Bitcoin Enlightenment,\u201d where he posits that cryptocurrency signifies the conclusion of fiat.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/GmckxqhG\/\" width=\"1835\" height=\"884\"\/><figcaption class=\"wp-caption-text\">BTC is currently trading at $104,913. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h3><strong>Long-Term Perspective Remains Positive<\/strong><\/h3>\n<p>The magnate acknowledges that Bitcoin can fluctuate dramatically with major economic announcements. He advised holders to look beyond short-term charts. \u201cConcentrate on the ultimate direction of this asset,\u201d he told Kitco News.<\/p>\n<p>He is not alone in this view. Coinbase CEO Brian Armstrong believes that countries will possess more digital assets than gold in the future. This notion provides Pliego with considerable assurance.<\/p>\n<p><img loading=\"lazy\" data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-508340\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/A_6bd1ac.png?resize=684%2C345\" alt=\"\" width=\"684\" height=\"345\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/A_6bd1ac.png?w=684 684w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/A_6bd1ac.png?w=640 640w\" sizes=\"auto, (max-width: 684px) 100vw, 684px\"\/><\/p>\n<pre style=\"text-align: center;\">Image: BCB Group<\/pre>\n<h3><strong>Investing Heavily in Crypto<\/strong><\/h3>\n<p>Pliego has hinted he might eventually invest all his assets in cryptocurrency. This would involve allocating every peso he possesses into crypto. It\u2019s a daring strategy. It\u2019s also risky, given the historical volatility of crypto assets, which can vary by 5-10% within a day. Nonetheless, his opinion holds considerable influence. When a billionaire invests heavily, others tend to notice.<\/p>\n<p>Salinas Ricardo Pliego is making a significant investment in Bitcoin\u2019s future. He\u2019s purchasing at $104,701, despite a 6% decrease. He views Bitcoin as a means to evade inflation and gain an advantage.<\/p>\n<p>For the moment, he\u2019s accumulating sats and encouraging others to join him. If his gamble proves successful, early investors could enjoy substantial rewards. If not, they might face significant losses. Either way, Pliego\u2019s actions demonstrate that confidence in Bitcoin is robust among the wealthiest investors.<\/p>\n<p><em>Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<div class=\"trusted-editorial-content trusted-editorial-content--bottom\">\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/safe.png\" class=\"trusted-editorial-content__icon\"\/><\/p>\n<p><strong>Editorial Procedure<\/strong> for bitcoinist is focused on providing comprehensively researched, precise, and objective content. We adhere to stringent sourcing guidelines, and each page undergoes thorough evaluation by our team of leading technology specialists and experienced editors. This methodology guarantees the integrity, relevance, and value of our content for our audience.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/bitcoinist.com\/bitcoin-gets-a-billionaire-boost-from-mexicos-3rd-wealthiest-man\/\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html Reliable Editorial material, assessed by prominent industry specialists and experienced editors. Advertisement Disclosure In a recent Kitco News interview, Salinas Ricardo Pliego, the founder and chairman of Grupo Salinas and Mexico\u2019s third-richest individual, has intensified his Bitcoin acquisitions. Bitcoin is currently priced at $104,900, having decreased over 6% from its peak of $112,000. Pliego<\/p>\n","protected":false},"author":3,"featured_media":13266,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[2777],"class_list":["post-13265","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-bitcoin-gets-a-billionaire-boost-from-mexicos-3rd-wealthiest-man-gpt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mexican Tycoon Elevates Bitcoin with Major Endorsement - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/20\/mexican-tycoon-elevates-bitcoin-with-major-endorsement\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mexican Tycoon Elevates Bitcoin with Major Endorsement - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html Reliable Editorial material, assessed by prominent industry specialists and experienced editors. 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