Mexican Billionaire Ricardo Salinas Stays Bullish on Bitcoin (BTC) Despite Market Drop

Prominent Mexican billionaire and business magnate Ricardo Salinas Pliego has reaffirmed his strong confidence in Bitcoin (BTC) following a significant market downturn. The founder of Grupo Salinas, a major Mexican conglomerate, emphasized his long-term bullish stance on the leading cryptocurrency. Salinas, known for his vocal support of digital assets, advised investors to look beyond short-term price volatility and focus on Bitcoin's fundamental value proposition as a store of wealth and hedge against inflation. His comments come during a period of heightened market uncertainty, serving as a notable endorsement from a traditional finance heavyweight. Salinas has previously disclosed that a substantial portion of his liquid portfolio is allocated to Bitcoin, underscoring his personal commitment to the asset class.