Mexican billionaire Ricardo Salinas remains bullish on bitcoin after plunge

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Mexican billionaire Ricardo Salinas remains bullish on bitcoin after plunge Salinas has previously said he has 70% of his liquid assets in bitcoin. By Francisco Rodrigues | Edited by Stephen Alpher Feb 23, 2026, 1:37 p.m. Make us preferred on Google (Yashowardhan Singh/Unsplash) What to know : Ricardo Salinas urged his followers to buy bitcoin as protection against inflation and control. Salinas said he has 70% of hits liquid assets in bitcoin during an interview last year, up from 10% in 2020. The Mexican crypto advocate has said he views fiat currency as fraudulent and positions bitcoin as the primary means of preserving purchasing power. Mexican billionaire Ricardo Salinas, one of that country’s richest individuals, hasn't been shaken by the recent crash in the price of bitcoin. “Take advantage and buy now while it’s down," said Salinas in a Sunday X post. "Investing in Bitcoin is protecting your money against inflation and keeping it out of the hands of those who want to steal it from you." STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The comment from the longtime bull came following bitcoin's plunge in recent months to its current level of $66,000. Salinas shared the message alongside an older clip of him defending bitcoin's ability to support freedom, doubling down on a stance he’s held for years. Salinas, whose estimated net worth is around $4.9 billion, has been one of Latin America’s most vocal bitcoin advocates. In past interviews, he’s described fiat currency as a “fraud” and called bitcoin “the only way out” for preserving purchasing power. In an interview last year, he said 70% of his liquid assets were linked to bitcoin. The remaining 30% was in gold and shares of gold mining firms. Bitcoin News Ricardo Salinas More For You Strategy logs 100th bitcoin purchase announcement, adding 592 coins last week for $39.8 million By James Van Straten | Edited by Stephen Alpher 15 minutes ago Led by Executive Chairman Michael Saylor, the company now holds 717,722 bitcoin, purchased at an average price of $76,020 per coin, for a total of $54.56 billion. What to know : Strategy purchased 592 bitcoin for $39.8 million last week. The company's holdings now total 717,722 bitcoin purchased for $54.56 billion. It was the company's 100th bitcoin purchase announcement, according to a cheeky X post by company Executive Chairman Michael Saylor. Read full story Latest Crypto News Strategy logs 100th bitcoin purchase announcement, adding 592 coins last week for $39.8 million 15 minutes ago Tariff travails resurface, bitcoin holders prepare for declines 1 hour ago Bitcoin stabilizes after overnight crypto rout, bouncing to $66,000 2 hours ago Pre-market trading stabilizes as bitcoin reclaims $66,000, Saylor eyes 100th BTC purchase 2 hours ago Kucoin told to halt new EU business due to compliance staffing shortfalls 3 hours ago Bitcoin balances on Binance hit highest since November 2024: here's what it means 3 hours ago Top Stories Bitcoin ETFs bleed $3.8 billion in historic five-week outflow streak 8 hours ago Ethereum founder Vitalik Buterin accelerates ether sales 3 hours ago To freeze or not to freeze: Satoshi and the $440 billion in bitcoin threatened by quantum computing 21 hours ago AI bot's tipping blunder hands $450,000 memecoin pile to X sad story poster 7 hours ago Bitdeer sold all its bitcoin to fund its move into AI data centers 3 hours ago Blue Owl liquidity crisis has investors bracing for 2008-style fallout — it could mean bitcoin's next bull run Feb 21, 2026