Mexican billionaire Ricardo Salinas Pliego\u00a0had an interesting new year video message for his over 959K followers on Twitter.<\/p>\n
Ricardo Benjam\u00edn Salinas Pliego\u00a0is the founder and chairman of Mexican conglomerate\u00a0Grupo Salinas.\u00a0He is currently the third richest person in Mexico.<\/p>\n
On 17 November 2020, Salinas recommended the\u00a0book\u00a0\u201cThe Bitcoin Standard\u201d by Saifedean Ammous to his followers on Twitter, and said that this was the best and most important book for understanding Bitcoin. More interestingly, he revealed that 10% of his liquid assets were invested in Bitcoin.<\/p>\n
In December 2020, during an\u00a0interview\u00a0with Cointelegraph\u2019s Giovanni Pigni, he talked about Bitcoin. The interview started with Salinas telling the story of how he first heard about Bitcoin:<\/p>\n
\u201cI was invited to a conference in New York\u2019s city\u2026 And there were different sessions, and [at] one of the sessions, this guy from Grayscale showed up. And he gave us the whole talk about Bitcoin and how it\u2019s going to take over\u2026. It immediately attracted my attention. I said \u2018well, let\u2019s try it out and see what happens\u2019. I put in a small amount. It was trading at $200 per bitcoin. It was 2013, but at that time\u2026<\/em><\/p>\n \u201cWhat I liked about Grayscale was they simplified it \u2014 basically you put your money in the trust, then this trust would do the investment, they would take care of the whole thing, they would take care of the custody, they sent you a monthly statement, and that was a very good arrangement, and eventually that that trust turned into GBTC, which is now an exchange-traded product\u2026<\/em>\u201c<\/p>\n Although Bitcoin initially grabbed Salinas\u2019s attention as a \u201cpayment vehicle,\u201d he later realized that \u201cit\u2019s the store value that really makes it valuable.\u201d<\/p>\n Later in the interview, Salinas said that he sold all of his BTC holdings in January 2017 (when BTC was trading around $17,000):<\/p>\n \u201cI had a big party, [was] very happy with my best investment ever, but you know, we always return to the scene of the crime, right? So when it went down to $10,000, I thought \u2018well, now, it\u2019s more reasonable\u2019, and I bought some at that time. and then it went down more to $6,000, bought about some more, and that\u2019s where I am, where our average right now is around $9,000, and I\u2019m not done. I\u2019m not selling it. I think I\u2019m gonna sit around for another five or ten years.<\/em>\u201c<\/p>\n Well, on December 24, Salinas sent out the following tweet:<\/p>\n The text of the tweet says:<\/p>\n