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This is a big news for Bitcoin, the second richest man in Mexico has just revealed that he invested 10% of his "liquid portfolio" in Bitcoin, the article doesn't categorically state exactly when, he could prolly be a long time investor, but nonetheless, the news is good for adoption and makes Bitcoin more alluring to investors when prominent individuals or corporations join the network. Even as fiat currencies and traditional institutions/economy continually plunges due to inflation and effects of covid-19, Bitcoin is on the road to cross it's ath, which shows btc rising strength and efficacy as a reliable investment and reserve asset. See this excerpt, and what the billionaire has to say about fiat currencies:
From the above, the 166th richest individual in the world, believes fiat currencies are constantly devaluing and I agree with that, saving money in the bank/holding fiat now feels wrong to quite a lot of people, and I think this will affect the economy negatively; so what do you think will be the foreseeable effect on the economy if a lot of people, both the wealthy, middle class, poor and even companies choose to invest a larger chunk of their funds in Bitcoin and other assets (that aren't controlled by the government), rather than keeping their funds in the bank/traditional institutions?

See the news/article: https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin

What about the richest Mexican and also the 5 richest man in the world Carlos Slim (https://en.wikipedia.org/wiki/Carlos_Slim), is he perhaps interested in Bitcoin?

Ricardo Salinas Pliego net worth is $11.7 billion, so 10% invested in BTC represents a really decent amount, and the trend from North America seems to be slowly spreading south as well. If billionaires continue to invest only 5-10% of their wealth in BTC, it will significantly affect the price (positively), and also the market, which will find it increasingly difficult to meet their needs.

One advantage of those who are rich is the domino effect which is likely to occur when they declare hot things.  I really believe that Pliego's statement will make many other rich people start to be interested in Bitcoin.  it is very likely that Bitcoin will pass $ 20k before the end of the year, this is really beautiful news..

I think majority of his investment is black money though this is just an assumption. Either way, this is good for BTC adoption overall. However, I think he would recover his investment the moment the markets bleed later on.

He is probably experiencing FOMO just like many other traders right now. I feel like the price might settle closer to $13K-$15K in the coming months organically.

Yeah, but that's 10% of his "liquid portfolio" portfolio, not of his wealth.
It's safe to assume that is far less than 5% of his entire wealth, just his shares in one of his companies are valued at 9,6 billion out of those 11.7 with shares in Tv Azteca making another billion.  So we're looking at some measly tens of millions  ;D ;D
Anyhow, nice to see gold bugs starting to turn around, I can't wait for Peter Schiff to finally admit he knows shit about bitcoin, not just he was somewhat wrong.


90% more to go  :)

10% of the $ 117 billion invested in Bitcoin is too big, and it could spur other billionaires into Bitcoin as well as crypto. It can be seen that this year many individuals and financial institutions have poured money into Bitcoin. I am imagining that the value of Bitcoin next year will fall between 30-50 thousand dollars. My question is when individuals and organizations have invested in profit-taking, where does the value of Bitcoin go. Maybe we need more liquidity for Bitcoin to avoid a sell-off from these people.

What I can say about this recent rally is that it is being driven by the big guys, these guys just need to look for a sure way to get good value for their investment, investing between 1-10% of your portfolio worth the risk, high risk, high reward and I think most of these Billionaire would start taken Bitcoin serious as a good Store of Value

Maybe this news is just a fragment of the many people who are not covered by the media or are investing in bitcoin on the sly.  However, this is also a form of proof of the existence of bitcoin that is increasingly recognized for liquid assets.  It doesn't matter how big the investment is small or big, the most important thing is that the richest person on mexico has publicly allocated a portion of his portfolio to Bitcoin.  I'm sure there are still a lot of people out there who save bitcoin for large amounts of investment but don't just get exposed.

There are two lessons here:

First, land, buildings, etc., are fixed/illiquid assets, and it usually has the largest proportion of one's wealth.
Second, diversification is good, and Bitcoin is a form of money. So we can use Bitcoin to construct a portfolio of liquid assets (money or near money).

My guess, it was his "gambling money" since the amount is less than 10% of his net worth (https://bitcointalk.org/index.php?topic=5286581.msg55524890#msg55524890). But, it is still good for adoption though.

Even though it might be just his "gambling money" and that in his mind he's already written that off, it's still a great signal for others. Bitcoin must get rid of its reputation as an obscure internet-money, only used by a small community online and finally be recognized as a real asset and means of payment. And such news help a lot imo.

Not really, we have no idea of how much he invested in bitcoin since he only invested 10% of his liquid portfolio not 10% of his wealth, but despite all of it this is good news, every day we are seeing news of rich people that are now open about their investments in bitcoin and that should not be surprising at all, you don't get to have that much money and power by not being intelligent yourself, rich people are seeing that governments are printing money at very fast pace and such a thing regardless of their power cannot be sustained long term, and being as smart as they are they will try to find a way to counter this and it seems they see in bitcoin at least a decent option to put a part of their wealth.

I'm not surprised by these kind of news anymore, it feels like it will inevitably happen as bitcoin continues to soar high people will continue to recognize it as whatever they want to interpret it themselves, whether a currency or investment. I do think the paypal's crypto integration is a factor why people are diving into bitcoin, putting all in to get the ride of new potential ATH this year. Thus, a billionaire buying bitcoin will push some people too. Win-win!

They are coming to crypto, they all notice how resilient cryptocurrency when all are falling apart but this seeing economy will make them more money.
He recognized the institutional adoption citing Grayscale’s Bitcoin Investment, this is really what makes them trust BTC. They are likely going to send more money into crypto than on their banks because they have more control over it. 

When I read such things, I feel revenged (well, sort of)

The point is, not so long ago I posted an article about the confluence of a number of factors which is required for cryptocurrencies to succeed (here's the link (https://bitcointalk.org/index.php?topic=5280639), for your reading pleasure). There I posited that we need fiat currencies to devalue massively across the board in order to turn crypto into an attractive payment option. This is not the only factor (read the article), but it is one of the required ones, and things are certainly evolving in that direction. Some posters strongly disagreed with my train of thought, and I'm curious if they still do

I wonder if this is his first time to invest on bitcoin or he already know Bitcoin while its on dumped price before because he can probably make a lot of money if he did invest on Bitcoin months ago. Anyway, as long as there’s a new money coming into Bitcoin this is great for the market I just don’t know if its come from a blackmarket or bought Bitcoin on purpose, this can still help bitcoin to go further.

That's the first thing I thought when the article mentioned his "liquid portfolio".  To me, that basically means cash that he hasn't found anything worth investing it in--until now, when bitcoin caught his eye. 

I don't know how bullish this is for bitcoin in general, but I think it's kind of cool that people who are presumably smart with money (and have tons of it) are investing in it.  That's definitely a big step toward mainstream acceptance of bitcoin (and maybe some other cryptos as well, who knows).  The one thing that worries me a little bit is the potential of a lot of bitcoin being dumped on the market if these big investors decide to sell at or near the same time, like if a panic happened.  That could sink the price tremendously.

We can assume that this is the first time he invested on bitcoin. These rich guy would rather invest on stable portfolios of stocks or precious metals and properties instead of a very volatile asset like bitcoin. And as others have pointed out, the keyword here is liquid assets not his wealth, so probably in the millions. Just funny that every media is now snooping around finding who's the next millionaire or billionaire no-coiner who suddenly shifts their attention to bitcoin. Might put a weight though is someone big from the 'gold bugs' will go on public and says he/she moves to bitcoin.

I'm actually happier now knowing that huge amounts of coins are owned by people with a face and a name and involved in hundred of business or investment funds that have at least some kind of information compare to what the market looked 6-7 years ago when unknown whales could dump hundreds of coins on the market just because they felt like or they tried to manipulate it. It is way less conceivable for them to dump it to the ground, and far riskier to form a cartel and try to manipulate the price.

No matter what people say I would sleep better knowing 5% of the coins are held by the Rothschild family than 10% being owned by Roger Ve


In most cases of the people in the top richest the largest portion of their wealth is the shares in the company they founded or bought.
For example in Bezos's case out of 185 billions 175 are in amazon shares. Same case here (https://www.marketscreener.com/business-leaders/Salinas-Family-05PD7Z-E/biography/).

There are prominent investors that have been on this space and have been doing cost average ever since bitcoin collapsed and will continue to do so until they accumulate some percentage and be the leader. Take a look at Goldman Sachs how they have been accumulating bitcoin because they believe it will surge to a million in the next 5 years. While I believe their theoretical knowledge and mind towards bitcoin is to grow, more people have started to live to more expectations about bitcoin.
Banks were on the verge of stopping bitcoin transactions in my country, they continued to threatened and suspend accounts that has transactions details with BTC but today, almost all managers and banks workers have a share of their own wallet with Btc. It may takes years but Bitcoin will always be the top of the game and hedge against traditional financial instruments and inflation.

I always feel like there are already lots of billionaires that are investing their money in Bitcoin but they are not being open about it, they just want to keep it a secret, and mind their business. It’s not everyone that wants to be letting the world know about every move they make, some people prefer privacy in most of the things they do.

Just as you said, it can be possible that this Mexican billionaire has been investing in Bitcoin for a long time and just decided to open up now. Same way that there are others that will be investing. People who follow him and look up to him will also follow the same footstep now and invest their money in Bitcoin.

Definitely, and the more this happens, the more bitcoin is seen as a sensible diversification option, and the more ultra-rich people buy in.
There is obviously the price manipulation element, too. A billionaire announcing investment in anything tends to swing the price upwards, as they would desire.

10% of his money does not mean that $1.7 billion. The money of billionaire usually come from stocks, their companies, and other valuable assets. So we cant not know exactly how much money he invests in bitcoin

I do not like the idea that billionaires continue to invest their funds in bitcoin. An individual can not influence the price of bitcoin. But the group of a billionaire can easily make the price of bitcoin volatile roughly. The less number from this group involves, the less manipulated bitcoin will be

it can also be a main thing for investment or as a currency and not just an option if you are a fan of decentralization and everything on how bitcoin works . investors are looking for more assets to add in thier collection and they found out btc , they diversify some of thier funds to it .

there no date on when the buy in occur , we arent sure if this can be link on the massive pump that happen to btc . announcing this cant move the price if theres no action applied along

Yeah, 10% of liquid portfolio isn't that much to lose, doesn't mean he invest with intentions to lose his money, we can assume, he just testing the deep of the water. While make it sound through media makes other investors consider bitcoin as a diversification for a short period or long-term.
invest in bitcoin at the current price isn't too late as bitcoin seems to have a great chance to at least reach a new ath over $20k in a few weeks and $50k within months.

That may be true a lot of them are quietly investing in Cryptocurrency, because who would want to explore an investment that has already yield 1000% to many investors, some millionaires will and some don't want to, maybe they are still in doubt because of it's very high volatility, but imagine if many billionaires are going to come in that will really pump the price.

After 2017 billionaires would have realized that they can make good money in bitcoin and those who had understood its potential to grow in future after that downfall would have invested heavily. And today those who all will look back will be proud of their decision because they would have made a huge money from it easily if had purchased few btc even during 5000$ price as well. Going forward seeing it rose back to almost same levels we would have more such who stayed away to start investing quietly in it.

Nobody understands it better than these billionaire's that their wealth is essentially numbers in the bank. Even just number on the market index.

You often hear statements like "Billions wiped out in wealth" whenever the shares of major companies tank. They are the ones who understand this best and are thus probably the easiest to convince to "buy" stocks into the world's biggest decentralized corporation that bitcoin is.

The only problem is that they would want to understand what the "company" does. It is a little hard any casual observer to arrive at the conclusion that bitcoin is the only real alternative to "Big Finance".

These billionaires have financial advisers that advise these billionaires where to invest and how to invest, I'm sure they already have Bitcoin and other Cryptocurrency on their radar it's just that this particular billionaire announces that he invested 10% of his portfolio in Cryptocurrency, maybe other billionaires have invested more than 10%, Bitcoin is still for the record the best asset to buy in the last ten years and will continue to be.

I'll take the under on that. These threads are nothing more than people wishing very hard for things that are not likely. If by chance bitcoin hits $20k before the end of the year, I predict you'll have another sharp fall like last time, because just like last time, this is nothing more than momentum chasing and people FOMOing into bitcoin. This type of price appreciation is not sustainable, and once confidence falters, it falls a lot faster than it rises.  (That's not a bitcoin thing specifically, all assets follow this same rule.)

People will always follow those people who are in power, they will imitate and emulate whales, big people and billionaires, it's more like a domino effect so if one billionaire or group of whales or highly reputable personality announced about his investment in the Cryptocurrency expect something dramatic to happen in the market, and more so if these are group of whales or rich people.

This time may be different from the last time

If we assume that the 2017 highs happened because of Bitfinex relentlessly pumping Bitcoin via unbridled issuance of new tethers (we don't know that for certain but still), today's prices have very little in common with 2017 prices, apart from being nominally the same

In other words, it is entirely different forces that are at work these days and pushing the market up now. Consequently, we can't reasonably expect the price to crash after reaching 20k because it crashed in 2017. It is not impossible per se, of course, but if it will, it will crash for other reasons

Indeed and lots of investors will not make it public so we never know how many and how big investors have now started to invest in the bitcoins. One negative aspect of single company holding too much coins is that they can manipulate the market by selling and buying because they have huge capital but I do not think that is ever going to happen and if one investor plays the pump and dump game there are always bigger investors who will have the capital to balance it out.

I would love to have a list of all the big names who are now investing with bitcoins and if possible how much they have invested because it gives a clear idea how popular bitcoins are and often people call it as a bubble they will shut up once they see the list.

I think in the real interview he said "crypto" and not "bitcoin" or maybe I am remembering wrong, if that is the case he is involved even further. Plus, when one guy gets involved it is always nice but never really as big as a big company, just grayscale and microstrategy combined invested a ton more than this guy did, of course there are very rich people in the world but when it is just one person, even if Jeff Bezos ends up putting 10% of his liquid assets it is not going to change too much aside from maybe the news of it.

Jeff Bezos is the richest man in the world and the reason for it is his assets, having 10% of his "liquid" assets wouldn't really be more than a billion dollars, it would be probably few hundred million at the very best case which is why I think it is important we acknowledge these people have more news worthy and not financially worthy for our market.

You got some point but we can say that this current price pump isnt really something that hasnt any supports that are waiting below not unlike before that
price rise doesnt really have significant reason for such rise but on this current time then we arent blind on what are the adoption news that we do saw on the recent years
pass by.

Billionaires are the major source to change the market to any form.They will act as a whale and create a huge pump and dump in bitcoin price.Because the price of bitcoin is depend on the demand and they will create more demand easily and create a huge pump in bitcoin price.They also sold the huge holding and can also create huge dump.

This is probably more about avoiding tax and keeping funds out of the hands of the Mexican government, but still great news for anyone who is holding it right now. It seems like a lot of billionaires are finding it as an acceptable method to store their money which will in turn draw more of them in. It seems like Bitcoin is on the path to becoming a digital version of gold. You just have to remember though, that this is only 10% of his money - this guy probably has so much free cash flowing around that this is a drop in the ocean, when you reach those level of assets he will have millions pouring in via company dividends every single day and it is unlikely he will be able to even spend that money fast enough.

You really think these large scale investors are so easy to fool and the domino effect will take place? At least I think that they are too smart and one cannot influence other large scale investors because they all have their own way of thinking and timing for investment. Some prefer to invest when the market is shallow like it was a few years ago while some want the market to get deep and then invest.

Yeah these news can inspire a few small investors since they follow their idols. I hope more numbers of investors come rather than more amount because in past investors got the power to swing the market and it becomes too easy to do that once small number of people hold high number of coins but if more investors hold smaller amounts it is always better for the liquidity and they cannot swing the market at their will.

No, he explicitly mentioned Bitcoin and not Cryptos in general. At least in this tweet here: "Bitcoin protects the citizen from government expropriation. Many people ask me if I have bitcoins, YES. I have 10% of my liquid portfolio invested in" (I used a translator so correct me if I am wrong).
https://i.imgur.com/ZEHfzZa.png
Source: https://twitter.com/RicardoBSalinas/status/1328850136290775041

So he's not only saying that he is invested in BTC but he is seeing Bitcoin as a way to protect himself against inflation and devaluation of (fiat) money. In another tweet  (https://twitter.com/RicardoBSalinas/status/1328801110136664073)he's saying that fiat / paper money is worth nothing and that's why it's good to diversify the investment portfolio. So he's sharing quite the same ideas and reasons for having BTC with a lot of us here.

You're right! VHNWIs have way more financial assets than real assets, especially the founders of big companies.
Let's say 50% (conservative measure) of Ricardo's assets are financial assets. The 10% of that pie is like 5% of his net worth.
Better than betting for DJ Trump.

Not sure about that. A billionaire his caliber would be better off comply with the government. Or better, bribe influence the government.

And since he publicly announced about his btc investments, now the government have the reasons to look into crypto and how they can tax those crypto users.  ;D Because right now, most governments don't know how to create legislations towards crypto because they have no full grasp on how it works.

well, one of them is with bitcoin which has no tax at all and has the potential to profit from bitcoin price movements so a lot of investors are starting to get into bitcoin again and of course this will have a good impact on bitcoin prices which will rise because demand increases .

Actually, big individuals already have a glimpse of the potential of bitcoin for a long time. They already aware of the pros and cons of having bitcoin as an investment but what stopped them from putting money on crypto? Or they already have a bit but not just announcing it.

However, from an investor's perspective, they are not really into volatile subject. Look at this billionaire in the topic, it's just his 10% of the liquid portfolio. Not even meant for holding but maybe testing the waters aside from his "own purpose" why he put money on bitcoin.

This billionaire might also have this bitcoin for a long and just recently revealed it.

This is only the effect that happened as a result of Paypal accepting Bitcoin, thus making several Billionaires around the world become interested in Bitcoin.
So it should come as no surprise that there is good news that the second richest man in Mexico recently invested in Bitcoin. And this will have a snowball effect,
which makes billionaires from other countries interested in investing in Bitcoin as well. Please see the demand for Bitcoin will increase, and make the Bitcoin price even higher.

No billionaire was swayed by the Paypal news. The mere fact they are billionaires means they themselves could move markets. If Buffet stated he bought a sizable amount of Bitcoin you would see Bitcoin surpass 100k. The whole point of the announcement was to set up a competition for other billionaires to compete in obtaining stakes. It's the same crap with the fine art market. Most of these billionaires don't even bother displaying the Picasso and Rebrandts they buy - they just keep it in a safe knowing it's a limited commodity. They make sure to announce the purchase after they bought.

Liquid wealth = money that hasn't been invested into other assets so in short fiat money right? Correct me :).

Either way, a billionaire investing into Bitcoin created a hype in the Bitcoin's price causing some of the investors to invest into it for sure. Rich people and various institutions are slowly investing into Bitcoin one by one so expect for more of them to come and invest.

Maybe we can see reaching new ATH by Christmas :D. I would be happy to see that scenario happening.

Bitcoin is a decentralized currency which anyone can use to invest and make a good profit. Bitcoin is still proving to other investors who think bitcoin cannot give a good profit that will make someone to become the richest in the world. Many billionaire are now using bitcoin to invest to make more money that will  make them the richest in their country, since the profit they are getting now from bitcoin is more bigger than the one they were making from fiat money which is very small profit compare to the one bitcoin is bringing every month.
Mexico billionaire who just newly started bitcoin investment is wondering how fast and steady the investment is, for someone to use it to  make a good profit without fear of scammer who are use to fiat money but they don't have any idea on bitcoin investment. Many billionaires in other countries  has been testify how good the investment is, if it come to profit making, bitcoin is the best among other business in the country.

It is always nice to see when high profile people and celebrities acknowledge on social media that they are invested in Bitcoin, because these people have a lot of followers and they give Bitcoin some "free" advertising, when they do that.

Any serious investor or trader would be stupid if they did not invest a small portion of their portfolio into Bitcoin, because a well balanced Portfolio will always include some degree of high risk investments. In my opinion, Bitcoin is a high risk/high yield investment and it has been the best performing "Commodity/Currency" for many years now.  ;)

I think billionaires is not only investing or buying bitcoin to gain profit, that they are investing in bitcoin to have benefits from it in the future. Many people do find bitcoin as a great investing opportunity, even it is not regulated by the government or the authorities due to it's decentralization because of its benefits that you can avoid paying high banking fees, accessibility, mobile payments, etc.

He is definitely not the first Billionaire to invest in Bitcoin, there are many more, and mind you that a lot more wouldn't make it public if they invest in btc, for some reasons; and for "huge institutions", many companies are already joining the Bitcoin network and that can be one of the reasons why the price is appreciating fast at this time, imo, the BTC network is now so alluring to investors and even traditional institutions, and that's great for adoption.
It's not impossible, but even if it's not achieved in this said time, it will by early 2021. When btc crosses 20k, then we can now see if it'll continue to spike high, or if there'll be a major fall, or if quite a large number of people will pull out, there are so many questions and things to look out for, and it's somewhat interesting for we Bitcoiners, bearing in mind you didn't invest more than you can afford to lose.

If this is indeed then i surely believe that many Bitcoin enthusiast and supporter are now in Good faith that after many issues still Bitcoin is trustworthy and richest people in the world is investing inside,No wonder that the next richest man in the world from other countries are now thinking about investing here also.
actually i am thinking that the ATH may happen soon before December,and we are seeing many good movements this past week .

Most  probably this investors learned how to play, he seen the potential and creating spark will bring more interest to his investment
venue, there are many institutional investors who will also see the same thing.

With that, expect that many will follow and businesses will continue to adopt the system, we can assume that this current bull will be
more stronger and will bring benefits to all those who beleives and hold.

We need such investors to enter the market now and then for the sake of keeping liquidity of bitcoin at its peak.  ;D
Considering the current surge of the bitcoin market cap now stands at it's peak and need liquidity to overcome the sell orders that may fill up the pot of real fast.

Of course now this Mexican man might have just entered to multiply his wealth but indirectly he is giving us another backbone to make the crypto space stronger space.

Moreover, in this time we will see multiple news and personalities leaving us shocked as to how much money being pooled into and out of the market. Good for the small to middle traders really.

Indeed. Those billionaires realize that bitcoin is the next opportunity to gain profit while still having time to buy bitcoin in a large amount.
Once the price starts to increase, they will not be able to buy a big amount of bitcoin, although they still can, but it is better to invest in bitcoin.
Maybe if the bitcoin price can rise so high, it can make people realize that bitcoin gives them the way to make big money from investing in bitcoin, so they don't underestimate bitcoin again.
They will see the power of bitcoin, and they will start to invest in bitcoin, and I think that will not just happen to people in Mexico, but people from other places will see that too.
But people who don't have much money will follow to invest in bitcoin because they don't want to miss the chance to make money from bitcoin.

If I was a billionaire I would be buying a lot of Bitcoin's myself. To be honest already with a few millions I would buy as many different assets as possible. Having a well diversified portfolio is key in my opinion to protect your wealth. Crypto currencies and bitcoins in particular should be part of any portfolio. But becoming a billionaire durst would be the issue.

Every billionaire around the world is self made. What they've done is something new in the world or copied what the billionaires have done. Just think of Jackma, he took online stores into the country and the same has made him the billionaire. Have hope and be passionate on what you do, rest will be with the fate.

The great news is that there is only 0.023 bitcoins for each millionaire in the world. So, there is not enough bitcoins to have one full bitcoin for all the rich people, and that means the more money these richer people buys, that means there is less for millionaires to buy as well, that 0.023 is much much lower because there are plenty of people who hold more than that.

This is why I love bitcoin, sure some rich people may take advantage of the situation and buy a lot of bitcoins when they can, but at the same time the more these guys buy means the less other rich people can buy and that is why the playing field will be leveled between super rich millionaires and the regular folks like me. You may think companies and rich people could manipulate the price, but they can do it at a lesser level than they can in fiat world.

Yeah, when a big investor dives in the market he automatically helps the price because as he buys the price goes up and it also creates an impact on others who follow him and people like us who read such articles because then our belief gets stronger and we don't hesitate to invest in bitcoins. He is the 166th richest man in the world if the article is to be trusted and if he is going with 10% for bitcoins, it's really great.

I don't think so because the market is so monumental that despite a few millionaires coming together cannot move the market by much, if you look at the total market cap then you understand that these investors are not even close to 1% of the total cap and to shake things up they would at least need 40-50% I believe.

Most of the time it is self-made or in other possible reasons is also with inheritance and this isnt something that can really be achieved by anybody in a particular time
which means you do need that great idea, extreme hardwork and wise decision making.Being a billionaire isnt really just for show because you wont really be
reaching out that state if you arent fully aware on businesses or things around you specially in talks of money or anything that has value.
Its no surprising that bitcoin does really ring a bell.  :D

It is a huge number and I wonder how he got a deal available. And when this is just one billionaire, if others also jump in crypto with their boat loads of cash, what will happen to the average Joe? There will be too much demand which will also skyrocket the price of btc and Bitcoins will be more scarce in number as it will become very limited.

What if all those billionaires decide to sell bitcoin? There would be a huge sell off and the price of bitcoin certainly drop hard. And as the result, FOMO will happen affecting most of investors on the market which will form an unhealthy environment. No one wants 2017 to happen again. It was a nightmare to all of us.

Whoever they are, many more rich people invest in Bitcoin means it is good news. I don't know about him, but I thank him for investing more in BTC.
And this may be also good news in that country. Sometimes, people should be influenced and started by a popular person or rich person to follow being attracted to something. And if he really does it and many people know about this, I think it can give a kind of example to others. hopefully, this is one step to make many more richest people invest in BTC.

Well, Although it is only 10% of his portfolio, it can be a good starter. Who knows that he may add the percentage by time because it is his first investment in BTC. It may be to ensure that investing in BTC is worth it. And about that amount, I think that the total amount is still much.  ;D

I read an article in Cointelegraph that currently based on survey results about 73% of millionaires are starting to be interested
in investing in cryptocurrency. So Mexico billionaire finally decided to invest in Bitcoin maybe he didn't want to be left behind
to feel the profit from Bitcoin, I believe Bitcoin can reach an all time high price if more and more rich people decide to invest
in Bitcoin.

At least now Rich people are outspoken about their support to bitcoin huh?

For few times that they are broadcasting the support and investing to our beloved Bitcoin and what this can give them in favor.

These people are very genuine in each investing and wont spent a single cent for nothing in return for them.

so i believe Mexican people now are starting to realize and adopt to this one.

Nowadays bitcoin market cap is enough to contain dumpings made by these billionaires if there's any. Our market cap is already $345 bln with $40bln volume if imagine a billionaire tries to dump $2 bln dollar it will surely make some significant effect to crypto market but not gonna last forever it will slowly recover there might be some decrease in price but the market will make up for it in the long run. There's nothing to worry about this problem.

The good catch here is the market will flow with lots of money being invested inside,
once there's news like this many will follow and expect more growth to happened.
Opening the door to  more wealthy people to also play and start investing to this market,
we never know what will be there long term plans but hopefully they are here to stay and
continue supporting this market.

If more billionaire people invest in bitcoin, bitcoin can be mainstream in that country because people will see the billionaire like to invest in bitcoin. That can make them follow the billionaire step to do the same, and if more people can join in bitcoin, the adoption will grow, and soon bitcoin price will get more support from people.

He makes the correct stride and I know bitcoin won't let him down. I can see a lot of vacillation in bitcoin and I realize it will be on the moon.
The vast majority of individuals are discussing his dark cash however regardless of which cash he used to contribute it will help bitcoin to develop more.
Yet we ought not to fail to remember its profoundly unpredictable it can tumble down whenever, you can not be 100% certain in the bitcoin network.

This bull run will attract even more rich people in the industry if it will continue for another several months

There is a shift in financial and investment taste. Everyone are becoming smart each day as the world changes around us. In traditional markets, it will take most of this millionaires years to gain more wealth that's why they are diversifying their wealth portion into cryptocurrency. Thank goodness to Satoshi as everything is so transparent and readable as transactions are made each day.
Imagine investing in Gold for the last 10 years and all you cooud have gain is 10% when an you can be a whale in chain link with and double that funds with ROI of %100.

They are investing on bitcoin not just because of it simplicity but because they can easily make huge profits in short period of time. Imagine buying $100m of Btc when price was around $5k :-* :-*

With the rapid rise in the price of Bitcoin which is sure to attract the attention of the rich people, if it comes to mexico billionaire
investing in Bitcoin, it's because Bitcoin is indeed the best performance compared to other assets. I am sure that billionaires from
other countries will invest in Bitcoin soon, it looks like the hype that happened in 2017 is repeating itself this year.

Woah this is great new for those other billionaires who wants to invest too he just took the first step for joining crypto industry , this could attract other billionaires to invest their liquid assets or other asset into bitcoin it can be an eye opener for them that bitcoin is not just a bitcoin but it is a on the top and having a good performance , and everyone is becoming smart nowadays not just wasting money , they thinking it now the future will be and going forward to see it.

finally, those who have large capital begin to be interested in Bitcoin...
most likely Bitcoin will become a measure of wealth for the rich in the future, the more of them who invest in Bitcoin, the better it will be for Bitcoin more valuable.

Great time to sucking rich people's money .. now it's time to shake the market and get the first huge correction, no? I've heard there some other poor new investors coming for bitcoin and that's of course for speculation purpose , unless if they do the crypto business which makes them practitioners , they'll do believe in the crypto as a future not just a one time speculation and walk away.

The price remain strong at 18k though, but anything could happen , noone knows.

Just imagine if we have thousands of billionaires or even millionaires investing even 5% of their portfolio that will mean Bitcoin will go to the moon, but there are pros and cons of this when they have more Bitcoin they can do pump and dump there should be an equal share of the supply, not only in the hands of the few.

I think this is a good indicator for the entire cryptocurrency market, and such facts should convincingly influence other users who start to panic and prepare for quick sales. I believe that we are now at the start of one of the largest bull races. Today there are all prerequisites for the stable growth of bitcoin.

Wow, this is really great, another billionaire decides to give bitcoin a try, using 10% of his "liquid portfolio", looks like a gamble to him, maybe if things go south he will just say that's just 10%(even if it's a whole lot of Money), but that's how wise investors always do,they don't invest all their money into one project and, risk only what you can afford to lose that's it, but I'm really glad bitcoin is finally get the recognition it deserves, alot of investors have now come to know and understand the real potentials of bitcoin,we need to get used to this cause we will be seeing more of this any time soon.

I think it is good news for Bitcoin, Mexico and the countries of Latin America. Because my vision is that the businessman Ricardo Salinas Pliego by investing in Bitcoin can put his money to work promoting digital technology and the region wins by moving the economy.

https://twitter.com/RicardoBSalinas/status/1328895703486255104?s=19 (https://twitter.com/RicardoBSalinas/status/1328895703486255104?s=19)

I don't attribute it to that at all. I see the same circumstances now that I saw in 2017.  It's anecdotal, but when you have people who aren't into finance and don't understand crypto asking your opinion on whether they should buy bitcoin because the price has gone up so much, that's a sign that you're in bubble territory.  It appears to just be momentum seekers FOMOing into an asset they don't know anything about and won't have the stomach to hold for long periods of time.  Whether that proves out I suppose we'll see, but that's my view on it.