Mexico's third-richest man, Ricardo Salinas Pliego, issued a public statement on February 23, calling on investors to take advantage of Bitcoin's recent decline to enter the dip and see the current pullback as a buying opportunity to fight inflation. Last year, he shifted 70% of his portfolio to Bitcoin-related assets and 30% to gold and gold mining stocks, completely withdrawing from traditional stock and bond markets.
Ricardo Salinas Pliego's Bitcoin Position Logic
Ricardo Salinas Pliego bases his core rationale for holding Bitcoin on three levels: fighting inflation eroding assets, deep distrust of fiat currencies and traditional banking systems, and the long-term appreciation potential brought about by Bitcoin's scarcity. He estimates that if Bitcoin achieves the same store of value status as gold, the price will still have at least 8 times the upside.
In terms of asset allocation, he has completely cleared his exposure to stocks and bonds, forming an extremely concentrated position structure, and made it clear that this wave of nearly 50% decline is not a risk signal, but a window to buy cheaply.
Ricardo Salinas Pliego's Bitcoin Investment Strategy Core Points
Position ratio: 70% Bitcoin-related assets, 30% gold and gold mining stocks, zero stocks, zero bonds
Core Argument: Bitcoin is the most effective tool to combat government inflation policies, and fiat currencies will be eroded by depreciation in the long run
Price prediction: After aligning with gold's market capitalization, Bitcoin has at least 8x potential gains
Recent position: During the sharp decline, he publicly called for buying every fall, and regarded panic as a buying point
Philosophy at the bottom: Holding Bitcoin is a symbol of personal financial autonomy and resists the financial system that relies too much on government control
Rich dad Kiyosaki: Warning of a crash and increasing the weight with action
Robert Kiyosaki maintained an equally positive stance during Bitcoin's decline. He publicly warned on February 17 that the largest stock market crash in history was imminent, emphasizing that this crisis would create huge wealth opportunities for those who placed it ahead, and confirmed his position with a $67,000 buying record.
Kiyosaki has maintained an inflation-hedge portfolio of Bitcoin, gold and silver for a long time, and the core basis of his pessimistic argument is the continued rise in the US national debt and the Federal Reserve's (Fed) large-scale currency issuance, and he believes that the long-term purchasing power of the US dollar will continue to be eroded.
Market background: Bitcoin fell 50% from its high, how to interpret the signal of a fall
Bitcoin fell from an all-time high of about $12.6M set in October last year to the $6.3M to $6.8M range, with a cumulative decline of nearly 50%. Market analysts attribute this trend to three major factors: weakening U.S. technology stocks, forced liquidation of leveraged positions, and continued outflows from Bitcoin spot ETF funds.
In terms of scarcity, more than 1,999 Bitcoins have been mined, approaching the hard upper limit of 2,100, but it is expected that it will still take more than 100 years to fully mine. Both Ricardo Salinas Pliego and Kiyosaki believe that market panic during the sharp decline is the best time to accumulate high-quality assets, but the market is still facing ETF outflows and macro uncertainties, and investors should carefully evaluate them based on their own risk tolerance.
Frequently Asked Questions
Why did Ricardo Salinas Pliego bet 70% of his money on Bitcoin?
Ricardo Salinas Pliego believes that Bitcoin is the most effective tool to combat government inflation policies and is deeply skeptical of fiat currencies and the traditional banking system. He estimates that if Bitcoin reaches the same market capitalization size as gold, the price will still have at least 8 times the upside, so he maintains a highly concentrated heavy position strategy.
What does Robert Kiyosaki's $67,000 increase in Bitcoin mean?
Kiyosaki's overweight behavior confirms his core view that "market declines are the moment when high-quality assets are discounted." His continued increase in holdings against the backdrop of Bitcoin's decline of nearly 50% indicates a high level of confidence in Bitcoin's long-term scarcity and store of value function, but personal investment decisions should be evaluated after fully understanding the risks.
Does Bitcoin's current 50% drop represent an entry opportunity?
Both Ricardo Salinas Pliego and Kiyosaki see this as an opportunity to buy the dip. From a scarcity perspective, Bitcoin is close to the total supply ceiling, and the logic of long-term scarcity remains unchanged. However, the market is still affected by ETF outflows and macro uncertainties, and investors need to make prudent decisions based on their personal risk tolerance.
