Ricardo Salinas Pliego, the second-wealthiest man in Mexico, has invested 10% of his liquid portfolio into Bitcoin. On November 17, Pliego, who is also the world’s 166th wealthiest person, posted a on his Twitter page. The video, taken in a “Latin country,” showed that banks threw out garbage bags filled with Venezuelan bolivars. Pliego added:
tweet“Yes. I have 10% of my liquid portfolio invested.”
Several crypto investors like Kraken’s Dan Held reacted to Pliego’s tweet, saying that “the institutional herd is stampeding.”
In addition, the billionaire and founder of Grupo Salinas stated that 90% of his liquid portfolio is invested in precious metals miners.”
On the 17th of November, Bitcoin climbed a new 2020 high to $18,000. With a market capitalization of over $333 billion, BTC is currently up 4.79% to $17,969.48.
