Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest particular person, is plugging Bitcoin on social media.
The billionaire with an estimated internet value 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 more than $40,000 for the primary time in 23 days.
— Jay_OKEX_CEO (@JayHao8) February 7, 2021
Chatting with Cointelegraph in December, Salinas revealed he had first purchased 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 stated that 10% of his “liquid portfolio” is invested in BTC, with the remaining “in treasured metals miners.” The 65-year-old billionaire bought in before the price of Bitcoin surged to new all-time highs in December and January, greater than doubling his funding. He has stated he isn’t planning on promoting off any crypto holdings for at the least 5 years.
Salinas will not be the one billionaire utilizing social media to push crypto not too long ago. Right this moment SpaceX CEO Elon Musk continued his push of the cryptocurrency Dogecoin (DOGE). Musk has targeted DOGE users in latest weeks because the token grew to become entangled in a pump-and-dump effort by Reddit merchants and traders. The worth of DOGE has risen virtually 600% within the final 30 days.
The long run forex of Earth
— Elon Musk (@elonmusk) February 6, 2021
On the time of publication, the worth of Bitcoin is $38,078, having dropped greater than 5% within the final 24 hours.