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Mexican billionaire Ricardo Salinas increased Bitcoin’s share in his liquid portfolio to 80%, up from 70%, emphasizing a Warren Buffett-style value investing approach.
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He said he avoids the “AI bubble” and does not hold stocks or bonds, retaining the remainder in gold and silver miners.
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Salinas endorsed Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock as a favorable investment and defended Michael Saylor amid criticisms of Strategy being a “Ponzi scheme.”
Billionaire Ricardo Salinas said he has increased Bitcoin’s (BTC) share of his liquid portfolio to 80% and has no interest in chasing the artificial intelligence boom.
Speaking to CoinDesk this week, Salinas explained that he “would never buy the AI bubble” and that he continued to accumulate Bitcoin through its eight-month slide from above $120,000 last year in October to roughly $60,000, increasing his allocation from a previously disclosed 70%.
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The billionaire framed the move as classical value investing rather than speculation.
‘No Stocks, No Bonds’
Salinas said his investment approach resembles that of Warren Buffett, but with a Bitcoin twist.
“I don’t own stocks. I don’t own bonds,” he said, describing Bitcoin as the core of his liquid portfolio. The remainder sits in gold and silver miners, a nod to his family’s mining heritage in Mexico. His only indirect exposure to the AI trade comes through select Bitcoin mining companies whose data-center infrastructure could eventually be repurposed for AI computing workloads.
Bitcoin’s price was up over 1% during the past 24 hours. On Stocktwits, the retail sentiment around BTC moved to ‘neutral’ from ‘bullish’ as chatter around it stayed in the ‘low’ levels over the past day.
The comments arrive as investors continue debating whether capital has been pulled away from crypto markets by surging enthusiasm for artificial intelligence companies and data-center investments. Michael Saylor himself recently described Bitcoin’s current weakness as an “AI summer slump”, arguing capital has rotated out of crypto and into AI-linked equities, making Salinas’s outright rejection of the AI trade an unusually pointed counterposition.
Salinas Backs STRC Despite Mounting Pressure
Salinas also endorsed Strategy Inc’s (MSTR) Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), calling the security a “no-brainer” for investors seeking dollar-denominated income. He went further in the interview, defending Saylor against critics who have labeled Strategy a “Ponzi scheme,” saying such characterizations reflect “profound ignorance of what’s going on.”
