Ricardo Salinas Pliego, Mexico’s third-richest person and the chairman at conglomerate Grupo Salinas, has added “Bitcoin” on his social media.
It has been reported that the billionaire with an estimated net worth of more than $13 billion as of January changed his Twitter bio over the weekend to include the Bitcoin (BTC) hashtag.
However, crypto Twitter users and some of Salinas’ more than 840,000 followers reported noticing the change Saturday around the time the price of the crypto asset surged to more than $40,000 for the first time in 23 days.
Welcome @RicardoBSalinas to the #bitcoin community. Let's join the #bitcoin movement! pic.twitter.com/an9wymsKE7 — Jay_OKEX_CEO (@JayHao8) February 7, 2021
The report said that Salinas revealed that he had first purchased Bitcoin at $200 in 2013, later selling during the 2017 bull run when the price reached $17,000s. He described the crypto asset as his “best investment ever.”
Likewise, in November, Salinas said that 10% of his “liquid portfolio” is invested in BTC, with the remaining “in precious metals miners.” He bought in before the price of Bitcoin surged to new all-time highs in December and January, more than doubling his investment.
Did you miss this in all the excitement as Bitcoin hit $47K? Elon Musk isn’t the only billionaire to endorse Bitcoin on social media.@RicardoBSalinas, Mexico’s third-richest person, plugged #BTC on his Twitter profile this week. https://t.co/3CcXw2dYeQ — Cointelegraph (@Cointelegraph) February 9, 2021
Thus, he has also said that he is not planning on selling off any crypto holdings for at least five years.
Source: Cointelegraph