Mexican billionaire Ricardo Salinas urged followers to buy Bitcoin (BTC) as protection from fiat inflation, extending a campaign that now includes a reported 70% portfolio allocation to the asset.
Key Points:
- Salinas says fiat inflation acts as a hidden tax that reduces the value of wages and savings.
- He urged followers to buy and hold Bitcoin, arguing that its supply cannot be expanded at will.
- Earlier in 2026, Salinas said Bitcoin had risen from 10% to 70% of his investment portfolio.
Bitcoin Inflation Warning
Salinas told millions of followers on X on Aug. 31 that “fiat inflation is a hidden tax,” arguing that money creation reduces the value of wages and savings. He then told them to buy Bitcoin and hold it.
In an accompanying video, Salinas said Bitcoin prevents authorities or institutions from creating additional units at will, unlike government-issued currencies. “No one can print more just because they want to,” Salinas said.
Salinas, the former chairman of Grupo Elektra and founder of Banco Azteca, has made criticism of central bank policy a recurring theme in public appearances. The same argument appears across his interviews, speeches and social posts.
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Salinas Portfolio Shift
The Mexican businessman has tied his Bitcoin position directly to his view that monetary expansion erodes purchasing power over time. His own allocation has moved sharply in that direction.
Earlier in 2026, Salinas said he had raised Bitcoin from 10% to 70% of his investment portfolio, significantly increasing his exposure to the cryptocurrency. That disclosure gave his latest comments added context because he has linked his personal investment strategy to the monetary argument he promotes.
At Bitcoin 2022, Salinas called traditional government money “the fiat fraud” and criticized the Federal Reserve for “printing money out of thin air, and then making fake purchases.”
He has also described persuading his wife to mortgage a house to buy Bitcoin.
Salinas has promoted the same position for years, using inflation and central bank policy as the main basis for his Bitcoin advocacy. His move from a reported 10% Bitcoin allocation to 70% in 2026 marked one of the clearest recent escalations of that long-running public position on monetary policy.
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