and the distribution of digital products.
Mexico’s 3rd Richest Man Reveals BTC Holdings as Bitcoin Breaches $18,000
Bitcoin’s price rose over $1,500 since yesterday as it topped $18,425 on Coinbase, logging a 157% gain, year-to-date. It dropped below the $18,000 just as quickly to $17,500.
BTC’s attempts to establish short-term support raises volatility concerns.
BTC/USD daily price chart on Coinbase. Source: Trading View
Nonetheless, BTC remains the top choice of hedge funds, institutions, and wealthy individuals, as the dollar edges lower.
Bitcoin Enters Institutional AccountsAnother billionaire has joined the Bitcoin club. Mexico’s third-richest man, Ricardo Salinas Pliego, is a believer in Bitcoin and recently revealed that 10% of his liquidity is held in the orange coin.
With a net worth of $13.2 billion, Pliego owns the largest media conglomerate in Mexico and is ranked 110th among the world’s richest men. Pliego also preached that Bitcoin is necessary for protection against “government expropriation.”
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El Bitcoin protege al ciudadano de la expropiación gubernamental.
Muchas personas me preguntan si tengo bitcoins, SÍ. Tengo el 10% de mi portafolio líquido invertido en el