The businessman favored Grayscale Investments and said:
“What I liked about Grayscale was they simplified it — basically you put your money in the trust, then this trust would do the investment, they would take care of the whole thing […] and eventually that trust turned into GBTC, which is now an exchange-traded product.”
Salinas stated that bitcoin piqued his interest as a “payment vehicle” at first. However, he realized much later that the digital asset’s “store value made it valuable.”
The entrepreneur announced that he sold all of his BTC holdings in January 2017, when bitcoin was worth $17,000, and said:
“I had a big party, [was] very happy with my best investment [in bitcoin] ever, but you know, we always return to the scene of the crime, right?”
Then again, as it was trading at $10,000, Salinas continued to buy bitcoin and further dipped to $6,000. He said that the bitcoin he currently owns and plans to sell will not be sold. “sit around for another five or ten years.“
Salinas disclosed earlier on November 17 that 10 percent of his liquid assets are invested in bitcoin.:
The Mexican conglomerate Grupo Salinas was founded by Ricardo Salinas Pliego, who was proclaimed the second-richest man in Mexico with a nett worth of about $11.7 billion. Forbes said at the time that Salinas was “the only Mexican billionaire whose wealth has risen over the past year.”
390 Interactions, 4 today
The crypto market has gained traction as a result of low interest rates and fiscal stimulus, according to a Fidelity Read more
Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more
Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to Read more
For the first time, the total market value of all cryptocurrencies exceeds $2 trillion. According to Goingecko numbers, the total Read more
Recently, blockchain expert and influencer Ben Armstrong mentioned Bitcoin in a video posted to his highly popular YouTube channel “BitBoy Read more
Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more
In the cryptocurrency industry, excessive uncertainty has had a long-term effect on the price of the digital commodity. This uncertainty Read more
Ethereum, the second-largest cryptocurrency, has entered a volatile zone, which could drive the digital asset's price even higher. In the Read more
Bitcoin faced some selling pressure just above the $59k mark, leading it to slip to $56,600. The majority of the Read more
The world's most expensive cryptocurrency fell 4.1 percent, bringing several other coins down with it, sending the economy into the Read more
For the last few days, the cryptocurrency industry has been playing chase with the bulls and bears. The economy has Read more
The ETH/BTC pair has stopped trending downward and has actually made gains in recent days, flashing a buy signal across Read more