Search results for Ricardo Salinas
Crypto
Legendary investor Jeremy Grantham says bitcoin will fade away
Billionaire investor Jeremy Grantham said bitcoin will lose interest over the long term and eventually converge to zero. He called it a \"useless speculative mechanism\" and said he has never held it. Grantham rejected claims that bitcoin is a store of value, citing its volatility, and said gold rose steadily over the same period. The article also notes bitcoin\'s decline from its 2025 peak and contrasting views from Mexican billionaire Ricardo Salinas Pliego.
Crypto
Mexican billionaire urges holding bitcoin long term like real estate
Mexican billionaire Ricardo Salinas Pliego, chairman of Grupo Salinas, said bitcoin should be viewed as a long-term asset like real estate. He urged investors to stop fixating on short-term price moves and approach BTC as a store of value over decades. Salinas also recommended converting part of received fiat currency into bitcoin rather than buying consumer goods, and focusing on long-term growth potential.
Crypto
Mexican billionaire says bitcoin will hit $1 million but timing unknown
Mexican billionaire Ricardo Salinas says he has allocated about 70 percent of his personal investment portfolio to bitcoin, up from about 10 percent in October 2020. He says bitcoin is superior to fiat currency and the gold standard because it is harder to seize and can be transferred instantly worldwide. He says he expects bitcoin to reach $1 million, though he does not know when.