Mexican billionaire Ricardo Salinas has outlined four key reasons why investors should buy bitcoin, including long-term growth potential, diversification, and protection against inflation and currency devaluation. Moreover, he advised: “You have to know how to invest and be patient, not get scared when it goes down and buy, and not get excited when it goes up and sell.”
Billionaire Ricardo Salinas Shares Reasons to Buy Bitcoin
Mexican billionaire Ricardo Salinas, a well-known bitcoin advocate and chairman of Grupo Salinas, commented on the recent cryptocurrency surge on social media platform X on Monday. He offered insights on investing in bitcoin and listed four reasons why he believes investors should consider buying BTC.
“Imagine you just received your first paycheck after graduating from college. You have several options on how to spend or invest that money,” he wrote on X (translated by Google). The first option is to “Spend it now on any stupid thing,” he described. The second is to “Save it in a traditional bank like Banco Azteca,” and the third is to “Learn to invest” in “something like bitcoin,” which he said is “easy to buy, store, and with no minimum required to start investing.”
The billionaire proceeded to detail four reasons why investors should consider bitcoin as an investment. First, he highlighted bitcoin’s “long-term growth potential,” specifying a 10-year or more investment horizon. Salinas opined:
Investing in bitcoin is like betting on a new but promising company in its early stage. Although volatile and risky, bitcoin has shown impressive growth since its inception, outperforming many other types of investments in terms of returns. It is an opportunity to be part of an emerging technology with the potential to redefine the global financial system.
His second reason to invest in bitcoin is “ease of access and liquidity.” He explained that unlike some traditional investments, such as real estate or certain funds that require a long-term commitment and can be difficult to liquidate quickly, bitcoin can be bought and sold in any amount almost instantly via online platforms. “This offers flexibility and access to your funds when you need them,” he emphasized, cautioning that “it also means that it is easy to react impulsively to market fluctuations.”
The third reason is “diversification of the investment portfolio.” Salinas explained the importance of not putting all eggs in one basket, noting that “investing in bitcoin can be a simple and quick way to diversify your investments.” He added: “Cryptocurrency often doesn’t follow the same trends as the stock or bond markets, which means it can be a good way to reduce risk.”
The last reason Salinas mentioned was “protection against Gobiernicolas [governments] nonsense, such as inflation and currency devaluation.” The billionaire opined: “With global concerns about inflation and devaluation of traditional currencies, bitcoin is presented as an alternative with a limited maximum supply (only 21 million will be created). This contrasts with fiat currencies, which governments can print indefinitely, potentially reducing their value over time.”
While recommending bitcoin, he cautioned investors that the crypto has its risks, including volatility in the short term and regulatory uncertainties.
In another X post on Monday, he offered a strategy for investors to capitalize on potential BTC price increases in the long term, stating:
You have to know how to invest and be patient, not get scared when it goes down and buy, and not get excited when it goes up and sell.
What do you think about Ricardo Salinas’ advice about bitcoin? Let us know in the comments section below.
