Billionaire Reveals Portfolio - Why He's Betting On Bitcoin, MicroStrategy And Crypto Miners - MicroStrategy (NASDAQ:MSTR)

Billionaire Reveals Portfolio – Why He’s Betting On Bitcoin, MicroStrategy And Crypto Miners – MicroStrategy (NASDAQ:MSTR)

7 September 2023

in Mining

Reading Time: 3 mins read

September 7, 2023 4:00 PM | 1 min read

“The Best Report Benzinga Has Ever Produced”

Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!

Advertorial

Influential Mexican billionaire, Don Ricardo Salinas Pliego has offered a deep dive into his strategic investment choices, placing significant emphasis on Bitcoin (CRYPTO: BTC), MicroStrategy (NASDAQ:MSTR), a selection of mining corporations, major oil businesses, and ventures within the gold mining industry.

Building on Salinas’ investment strategies, the upcoming Benzinga’s Future of Digital Assets conference is a must-attend. This pivotal event will spotlight the growing trust industry leaders have in digital investments.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!

In a session with podcaster Natalie Brunell, the billionaire recalled his initial foray into Bitcoin when it was valued at a mere $200 and described his journey through its peaks and troughs, culminating in one of his most profitable trades when he sold his Bitcoin at around $17,000.

When questioned about Grayscale’s recent court victory, Salinas criticized its investment vehicle, emphasizing the need for improved liquidity mechanisms.

Also Read: SEC To Approve Multiple Spot Bitcoin ETFs In October? JPMorgan Analysts Bets ‘Yes’

He further expressed concerns over the debasement of currency due to unchecked money printing by federal institutions.

As for the future of Bitcoin, while dismissing the possibility of a universal “Bitcoin standard,” he championed its emergence as a superior form of money.

Highlighting the composition of his liquid assets, Salinas confirmed that while his broader asset base spans various forms, his liquid portfolio predominantly consists of Bitcoin, MicroStrategy, mining entities, oil corporations, and gold miners, reflecting his strategic investment vision.

Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga’s exclusive event – Future of Digital Assets. Tickets are flying- get yours!

Read Next: Former FTX Official Ryan Salame Gears Up For Criminal Admission In Platform’s Downfall

Photo: Shutterstock