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Billionaires pushing crypto: Mexico’s third-richest individual adjustments Twitter bio to incorporate Bitcoin

02/07/2021

Elon Musk continues pumping DOGE whereas Ricardo Salinas Pliego sticks to Bitcoin.

Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest individual, is plugging Bitcoin on social media.

The billionaire with an estimated internet price of greater than $13 billion as of January modified his Twitter bio over the weekend to incorporate the Bitcoin (BTC) hashtag. Crypto Twitter customers and a few of Salinas’ greater than 840,000 followers reported noticing the change Saturday across the time the worth of the crypto asset surged to greater than $40,000 for the primary time in 23 days.

Talking to Cointelegraph in December, Salinas revealed he had first bought Bitcoin at $200 in 2013, later promoting in the course of the 2017 bull run when the worth reached the $17,000s. He described the crypto asset as his “finest funding ever.”

In November, Salinas mentioned that 10% of his “liquid portfolio” is invested in BTC, with the remaining “in valuable metals miners.” The 65-year-old billionaire purchased in earlier than the worth of Bitcoin surged to new all-time highs in December and January, greater than doubling his funding. He has mentioned he isn’t planning on promoting off any crypto holdings for no less than 5 years.

Salinas isn’t the one billionaire utilizing social media to push crypto not too long ago. Immediately SpaceX CEO Elon Musk continued his push of the cryptocurrency Dogecoin (DOGE). Musk has focused DOGE customers in current weeks because the token turned entangled in a pump-and-dump effort by Reddit merchants and buyers. The worth of DOGE has risen virtually 600% within the final 30 days.

On the time of publication, the worth of Bitcoin is $38,078, having dropped greater than 5% within the final 24 hours.