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Mexican Billionaire Ricardo Salinas Allocates 70% of Portfolio to Bitcoin

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The crypto market has undergone a major shift this last year. It’s grown in relevance, with access and exposure growing leaps and bounds since the start of 2024. That has only emboldened some of its greatest supporters. Among them is Mexican Billionaire Ricardo Salinas, who recently told Bloomberg he has allocated 70% of his portfolio to Bitcoin. Salinas has a net worth of $5.8 billion and is a well-known Bitcoin advocate. During the interview, he confirmed he doesn’t own a single bond and only holds shares in his own company. Moreover, he has sported efforts to increase the use of BTC in Mexico in recent years. JUST IN: Mexican Billionaire Ricardo Salinas, with a net worth of $5.8 billion, allocates 70% of his portfolio to Bitcoin. pic.twitter.com/5yo4R9M1xO — Watcher.Guru (@WatcherGuru) March 4, 2025 Also Read: Michael Saylor Says Bitcoin Market Cap is Going to Reach $200T Mexican Billionaire Ricardo Salinas Allocates Most of His Portfolio to Bitcoin There is no denying t...

Binance founder CZ made over $25 million per day while in prison, report

Former Binance chief Changpeng Zhao’s four-month prison stay might have actually been a pretty lucrative career move. Indeed, from the moment he entered a California prison earlier this summer to his release last week, the Binance founder might well have made more money than most executives could hope to earn in their lifetime. Although his wealth is mostly derived from equity in privately held companies, Forbes’ calculations of CZ’s net worth indicate that he could have made billions of dollars personally while serving his prison sentence. In fact, according to one such estimate, he may have made $25 million for every day he was in prison . However, it’s important to note that another news agency with a more conservative methodology, Bloomberg, estimates that CZ actually lost money while in prison. Detailed commentary for these estimates appears below. Determining the dates of CZ’s prison term In November 2023, CZ pled guilty to wilful violations of the Bank Secrecy Act tha...