Once invested 70% of funds in Bitcoin! Mexican billionaire: Buy quickly while it's discounted, even the rich dad is increasing his stake.

Mexican billionaire Ricardo Salinas Pliego has heavily invested 70% of his funds in Bitcoin to hedge against inflation, urging others to buy during dips. “Rich Dad” Robert Kiyosaki also warns of a stock market crash and has increased his holdings to $67,000, both viewing this market plunge as a great buying opportunity.

Mexican Billionaire Bets Big on Bitcoin as an Inflation Hedge

Despite Bitcoin’s decline, Mexico’s third-richest person, Ricardo Salinas Pliego, remains bullish. On February 23, he posted that investing in Bitcoin can protect assets from inflation and urged investors to seize the opportunity during price drops.

Last year, Ricardo shifted up to 70% of his investment portfolio into Bitcoin-related assets, with the remaining 30% in gold and gold mining stocks, completely exiting traditional stocks and bonds.

He predicts that if Bitcoin can store value as well as gold, its price could increase at least eightfold. Unlike most people constrained by government systems, he sees Bitcoin as a symbol of personal freedom and expresses distrust in fiat currencies and the overly risky banking system.

• Related article: Invest 70% in Bitcoin! Mexican Billionaire: It Could Rise 8 Times, Fiat Era Will End

Rich Dad Warns of Stock Market Crash and Buys More Bitcoin

Robert Kiyosaki, author of Rich Dad Poor Dad, also has confidence in Bitcoin. On February 17, he warned that the biggest stock market crash in history is imminent and claimed that this market correction will bring enormous wealth to prepared investors.

Kiyosaki has long recommended Bitcoin, gold, and silver as hedges against inflation. During market downturns, he continues to add to his holdings and revealed he bought more Bitcoin when it was at $67,000.

He remains skeptical of fiat currencies, believing that rising US debt and the Federal Reserve’s massive money printing will lead to a dollar collapse. This is why he insists on increasing holdings of physical gold, silver, and cryptocurrencies.

Image source: X Rich Dad author warns of stock market crash and increases Bitcoin holdings

Has the buying opportunity emerged after Bitcoin’s sharp decline from its high?

The scarcity of Bitcoin is a key reason both billionaires are optimistic about its long-term prospects. Kiyosaki emphasizes that Bitcoin has a maximum supply of 21 million coins, and once all are mined, its value could surpass gold.

Currently, over 19.99 million Bitcoins have been mined, but full extraction is expected to take over 100 years.

Recently, the cryptocurrency market has faced downward pressure. After reaching an all-time high of about $126,000 in October last year, Bitcoin has fallen sharply. Its recent price has been consolidating between $63,000 and $68,000, representing a decline of about 50% from its peak.

Market investors believe Bitcoin’s decline is mainly due to weakness in US tech stocks, liquidations, and outflows from spot ETFs. Nonetheless, both Kiyosaki and Ricardo see this market crash as an excellent opportunity to acquire quality assets.

Further reading:
Standard Chartered: Bitcoin could fall to $50,000, Ethereum to $1,400; BTC year-end target lowered to $100,000

This content is compiled by Crypto Agent from various sources, reviewed and edited by Crypto City. It is still in training and may contain logical biases or inaccuracies. The information is for reference only and should not be considered investment advice.