No proofs. Just a tweet. Should we really rely on that?
This could just be a strategy to pump the price if he's really holding some bitcoin but I doubt it will be 10 percent of his assets.
It's starting.
We will see more tweets and headlines like this trying to be the hero or with evil intentions.
Then, there are the analysts' wannabes.
Topic: Another billionaire just invested in bitcoin - page 3. (Read 966 times)
I should say congratulations to him as he has now understood the importance of bitcoin. I'm sure he must be fed up of having his money controlled by the banks and I wouldn't be surprised if he eventually put all his money into bitcoin and not just his 10%.
This is also a great news for the crypto community. It is when whales like this accept bitcoin that it accelerates the the mainstream adoption of bitcoin. I believe if things continue this way, it won't be very long before bitcoin becomes the world wide currency
This is also a great news for the crypto community. It is when whales like this accept bitcoin that it accelerates the the mainstream adoption of bitcoin. I believe if things continue this way, it won't be very long before bitcoin becomes the world wide currency
The truth is out there for everybody to recognise it! Bitcoin is the investment asset class that HNWIs (High-Net-Worth Individuals) ultimately want. I know it for a fact as I have been in many meetings with asset managers and wealth managers that are trying hard to understand how to manage bitcoin investments for their wealthy clients.
They are coming for your bitcoins, watch out!
They are coming for your bitcoins, watch out!
The increase in the price of Bitcoin in a pandemic situation like now has attracted some rich people to invest in Bitcoin.
After Paypal was interested in Bitcoin, now it's Ricardo Salinas turn to invest 10% of his liquid portfolio into Bitcoin.
This makes me believe Bitcoin will actually hit new ATH prices by the end of this year, even the price of Bitcoin is now at
the price of $ 17,800. It's getting closer to the price of ATH, and it's going to hit $ 19,000 soon.
This pandemic could also be a big factor on the growth of Bitcoin. Stock market are almost down on that time giving a sign for several investors to pull out their investment on it and put it into something productive like Bitcoin. One factor could also be the paypal's accepting to purchase and sell Crypto through their wallet. And now a billionaire who entered the scene. This could really make Bitcoin to hit the new ATH mark before this year come to its end. After Paypal was interested in Bitcoin, now it's Ricardo Salinas turn to invest 10% of his liquid portfolio into Bitcoin.
This makes me believe Bitcoin will actually hit new ATH prices by the end of this year, even the price of Bitcoin is now at
the price of $ 17,800. It's getting closer to the price of ATH, and it's going to hit $ 19,000 soon.
@yashikasss4
What do you want to say?
Your post is just links.
To op, this matter could influence more billioners in the world and put investment to bitcoin. Possible to see Bitcoin ATH this year once more billioners come and invest in bitcoin.
What do you want to say?
Your post is just links.
To op, this matter could influence more billioners in the world and put investment to bitcoin. Possible to see Bitcoin ATH this year once more billioners come and invest in bitcoin.
Now it is looking very similar to what we had during the 4th quarter of 2017. I just hope that this time the hype will last unlike what happened back then. Back in 2017, after the ATH level was achieved, it was a steep fall from $20,000 to $3,000 per coin. Let's not forget the fact that most of the recent spike can be attributed to a single trigger - the acceptance by PayPal. If there is some bad news related to the PayPal adoption, then the prices will go back to the previous level in a matter of few days.
I would say it's different though, I mean in 2017, we haven't heard any billionaires dabbing on bitcoin. It's more of the CME and CBoE hype in December that really push us to $20k that formed the bubble, many irrational buyers. But today investors mature and then we have more institutional money and then Paypal and then this so called rich investors who finally join the bandwagon because they see what it can bring and maybe they are hedging their wealth to bitcoin just for insurance of governments printing more money.The current pandemic could be one of the positive things (if you look at the current developments in bitcoin). I think that in 2017, there was no precise information about whether anyone had actually become a millionaire by investing their funds in bitcoin that year, of course only a few still know what the prospects for bitcoin will be in the future.
Feel sorry? It seems that there is no need to be sorry because there are many things that can be obtained so far under any circumstances in bitcoin.
Great news, I hope other billionaires will follow the same as it will push Bitcoin towards it's ATH value but this comes with great risk as well because the more rich people invest into Bitcoin the more it becomes like a gambling wherein they may cashout anything sending shockwaves across the bitcoin's community like whales did last time.
Whales are really selfish when they think that they are the only one who are investors of bitcoin. Bitcoin is for everyone and by that, we will just rely on those whales or large investors just like this. They are the one who causes the pump in bitcoin's price in the market and they are also the one who benefit its the most. Let's accept the cryptocurrency and the market is so unfair but if you're good at making decisions then you will make it profitable and effective for you. Bull run is really happening right now and keep on observing the market so that problems like this will not cause an inconvenience for you.
When I see articles like this, when some very rich person invests huge amount of money on something or buys something, and makes announcement of that, first think that came to my mind is "it's a trap!". Why would someone announce that he spends a lot? Sometimes this persons is in bad financial situation and with such move he just want to get attention to something and sell something for a good price.
If I go now to the street and say "Bitcoin reached 18k, I had 10 coins and exchanged them to fiat". I would immediately got robbed, or would be a person of an interest for tax department.
If I go now to the street and say "Bitcoin reached 18k, I had 10 coins and exchanged them to fiat". I would immediately got robbed, or would be a person of an interest for tax department.
I think you're overthinking it, it's normal for rich people to sometimes being open about what they invest in - perhaps they want the price of their asset to go up by announcing that they are bullish. The whole world already know that they are rich, it's not like they are going to now get robbed because they told that they own BTC. Besides, their BTC probably sits in some custodial wallet, and even if not, they have enough physical security to not worry about such things.
My post was just an example. Of course rich people are crowded with all kind of security. But imho, such announcements trigger bad guys to start acting in direction of obtaining someone's property.
According to article, he is "an owner of appliance retailer and lender Grupo Elektra". I'm sure this investment in bitcoin was made to push Grupo Elektra stock up, or at least there was intend to do such through investment and announcement.
What a nice decision he has made. Bitcoin has been a good choice for many wealthy people. Small investors seem do not care about bitcoin like they used to be in the 2017. This is a good sign cause whales tend to be dependable from FOMO and FUD.
Paper money is now a big issue to many people since it becomes worthless through years. They cant never stop the inflation or maybe it is a tool for them to control the world. Bitcoin is one of the best escape for us. Hold your beer and bitcoin everyone. Our time is near
Paper money is now a big issue to many people since it becomes worthless through years. They cant never stop the inflation or maybe it is a tool for them to control the world. Bitcoin is one of the best escape for us. Hold your beer and bitcoin everyone. Our time is near
The net worth of Ricardo Salinas Pliego according to Forbes is around 12 billion dollars.
10% of his "liquid portfolio" means a few million dollars,I guess.
Not bad,but not impressive.Anyways,more billionaires and millionaires are buying Bitcoin,so Bitcoin looks more legit in the eyes of the rich elite.The price is going up and more middle class people might follow the example of the rich and start buying BTC.
I'm concerned that most of the new Bitcoin buyers are mostly speculators looking for big profits,rather then fan of the technology behind Bitcoin.I guess that they will buy and use some BTC,in order to appreciate the concept of blockchain technology.
Imagine the 10% of the portfolio of a certain billionaire is so huge, we are talking about millions of dollars here so for sure it can be a factor why the volume of the bitcoin in the last weeks are keep rising. So, another billionaire became interested in cryptocurrencies, I also speculate that there are some billionaires who also buying but not telling it in the public because it can create hype like this one. Finally, institutional investors, billionaires and some traditional investors are now becoming aware to the potential of the bitcoin. I'm sure that the popularity of the bitcoin will drive crazy after it beat the $20,000 mark and a lot of investors will pull out their money in different financial instrument to ride the upcoming price increase of the bitcoin. 10% of his "liquid portfolio" means a few million dollars,I guess.
Not bad,but not impressive.Anyways,more billionaires and millionaires are buying Bitcoin,so Bitcoin looks more legit in the eyes of the rich elite.The price is going up and more middle class people might follow the example of the rich and start buying BTC.
I'm concerned that most of the new Bitcoin buyers are mostly speculators looking for big profits,rather then fan of the technology behind Bitcoin.I guess that they will buy and use some BTC,in order to appreciate the concept of blockchain technology.
The net worth of Ricardo Salinas Pliego according to Forbes is around 12 billion dollars.
10% of his "liquid portfolio" means a few million dollars,I guess.
Not bad,but not impressive.Anyways,more billionaires and millionaires are buying Bitcoin,so Bitcoin looks more legit in the eyes of the rich elite.The price is going up and more middle class people might follow the example of the rich and start buying BTC.
I'm concerned that most of the new Bitcoin buyers are mostly speculators looking for big profits,rather then fan of the technology behind Bitcoin.I guess that they will buy and use some BTC,in order to appreciate the concept of blockchain technology.
10% of his "liquid portfolio" means a few million dollars,I guess.
Not bad,but not impressive.Anyways,more billionaires and millionaires are buying Bitcoin,so Bitcoin looks more legit in the eyes of the rich elite.The price is going up and more middle class people might follow the example of the rich and start buying BTC.
I'm concerned that most of the new Bitcoin buyers are mostly speculators looking for big profits,rather then fan of the technology behind Bitcoin.I guess that they will buy and use some BTC,in order to appreciate the concept of blockchain technology.
Now it is looking very similar to what we had during the 4th quarter of 2017. I just hope that this time the hype will last unlike what happened back then. Back in 2017, after the ATH level was achieved, it was a steep fall from $20,000 to $3,000 per coin. Let's not forget the fact that most of the recent spike can be attributed to a single trigger - the acceptance by PayPal. If there is some bad news related to the PayPal adoption, then the prices will go back to the previous level in a matter of few days.
I would say it's different though, I mean in 2017, we haven't heard any billionaires dabbing on bitcoin. It's more of the CME and CBoE hype in December that really push us to $20k that formed the bubble, many irrational buyers. But today investors mature and then we have more institutional money and then Paypal and then this so called rich investors who finally join the bandwagon because they see what it can bring and maybe they are hedging their wealth to bitcoin just for insurance of governments printing more money.
The first reason why there are so many people especially a rich man comes to bitcoin because bitcoin is trying to reach its all time high. Many investors will only focus to reach $20.000 first before they decide to buy more and still hold. And the second reason is bitcoin is able to prove its ability that can be considered as a safe haven. As we may know, bitcoin has crashed by more than 60% from its all time high but now in this pandemic situation where many people must store their money in a safe haven place, they choose bitcoin rather than gold.
Now it is looking very similar to what we had during the 4th quarter of 2017. I just hope that this time the hype will last unlike what happened back then. Back in 2017, after the ATH level was achieved, it was a steep fall from $20,000 to $3,000 per coin. Let's not forget the fact that most of the recent spike can be attributed to a single trigger - the acceptance by PayPal. If there is some bad news related to the PayPal adoption, then the prices will go back to the previous level in a matter of few days.
Whenever the market turns bullish more volume of money gets poured into it. This further pumps the market price of bitcoin. Same is taking place at now. Whether the market provides them with the profit isn't prioritised by these people. Anyhow these kind of act also seems good to push the price high and make a new ATH.
As bitcoin in the market is getting bullish, many people will engage to bitcoin more not only this billionaire.
And I see this as a positive sign that bitcoin is getting more fans and investor which is a good thing for us that hope for bitcoin's popularity and approaching in the mainstream.
Everyone of us are rooting for bitcoin to reach another ATH this time as we see progressive improvements in bitcoin's price these past few days until now. As big investors pumped the market price of bitcoin, everyone of us can benefit that and learn that bitcoin's price is really growing and I'm so happy with that.
This is good news that will make bitcoin have additional bullish strength and is likely to allow bitcoin to penetrate the previous ATH in 2017.
now it is only a matter of time until the time comes
not only is this a lot of good news bitcoin at this time like from paypal but I have not checked the truth and its sequel
now it is only a matter of time until the time comes
not only is this a lot of good news bitcoin at this time like from paypal but I have not checked the truth and its sequel
This is good news in the cryptocurrency world. If the second richest person in Mexico has invested in bitcoin, it means that bitcoin has a very high trust in the country of Mexico. bitcoin may reach ATH in 2021. And all of us here will rejoice with the high achievement of bitcoin.
Yes, it is. He can share his investment in bitcoin with his other millionaire friends, so they will know that bitcoin will be the next investment that will potentially make more money. If his friends know about that, they will search for more info and start to invest in bitcoin because that man is only investing in a small part of his wealth, and I am sure that will give him the profit in the future. If many people, especially millionaires, can invest in bitcoin and join in the crypto world, mass adoption will grow, it will attract other people to follow the same thing as them. Once it reaches many people, the other people from different places will soon join them too.
I think this declaration by the Entrepreneur Ricardo Salinas Pliego that he owns 10% of his liquid assets in Bitcoin may be real.
https://twitter.com/RicardoBSalinas/
You guys know how big investments in Bitcoin work. By making it public, you are looking for more Bitcoin advocates. If you don't risk, you don't win. We are in the middle of a crisis, the currencies are weak showing inflation. Take a look at the price of the Mexican peso against the dollar.
https://es.tradingview.com/symbols/USDMXN/
https://twitter.com/RicardoBSalinas/
You guys know how big investments in Bitcoin work. By making it public, you are looking for more Bitcoin advocates. If you don't risk, you don't win. We are in the middle of a crisis, the currencies are weak showing inflation. Take a look at the price of the Mexican peso against the dollar.
https://es.tradingview.com/symbols/USDMXN/
And the fact that a billionaire has just invested in bitcoin is good news for bitcoin if investment is high the demand for bitcoin will increase and the crypto market will rise further there are also many good currencies and market caps for bitcoins to invest in. And most importantly it has a social networking element bitcoin is something that is valuable because a lot of people use it is no different from napster gradually many countries in the world will support and bitcoin will reach a higher level.
This is good news in the cryptocurrency world. If the second richest person in Mexico has invested in bitcoin, it means that bitcoin has a very high trust in the country of Mexico. bitcoin may reach ATH in 2021. And all of us here will rejoice with the high achievement of bitcoin.
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