The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid a growing search for alternative assets to hedge against inflation, Mexican billionaire Ricardo Salinas revealed that 70% of his liquid investment portfolio is currently held in Bitcoin. Salinas explained that he converts fiat currency into BTC immediately due to what he describes as the ongoing debasement of global currencies. He views the cryptocurrency as a long-term property asset rather than a short-term speculative trade.
This stance aligns with major institutional moves, such as MicroStrategy holding over 214,000 Bitcoin according to its latest earnings reports, while spot ETFs continue to attract billions in inflows. Compared to gold, the traditional safe haven, crypto advocates argue that Bitcoin's digital scarcity provides a competitive edge in an environment of fiscal expansion, per market data.
Looking at price action, Bitcoin stabilized near the $65,000 level (at close 2026-06-17) as traders await influential economic data. The upcoming economic calendar highlights the Michigan Consumer Sentiment index and inflation expectations in the US, which are key catalysts that could impact risk appetite in the crypto market in the coming days.
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