How Much of Your Portfolio Should Be in Bitcoin? This Billionaire Thinks It Should Be 70%.
Bitcoin (CRYPTO: BTC) finally tipped into the mainstream last year, thanks to the launch of the new spot Bitcoin exchange-traded funds (ETFs). Suddenly, it became as easy to buy and trade Bitcoin as any tech stock. So investors soon began asking the question, "Just how much of my portfolio should I start allocating to Bitcoin?"The answer might surprise you. For example, billionaire Ricardo Salinas -- one of the five richest people in Mexico right now -- says that 70% of his personal portfolio is in Bitcoin right now. Let's take a closer look at why he's taking such an aggressive stance on Bitcoin.For the typical 60/40 investor, this is going to sound like madness. Instead of investing 60% in stocks and 40% in bonds, Salinas is investing 70% of his liquid portfolio in Bitcoin and 30% in gold and gold miners. And he says that he doesn't hold any other stocks or any bonds.Continue reading
Bitcoin (CRYPTO: BTC) finally tipped into the mainstream last year, thanks to the launch of the new spot Bitcoin exchange-traded funds (ETFs). Suddenly, it became as easy to buy and trade Bitcoin as any tech stock. So investors soon began asking the question, "Just how much of my portfolio should I start allocating to Bitcoin?"
The answer might surprise you. For example, billionaire Ricardo Salinas -- one of the five richest people in Mexico right now -- says that 70% of his personal portfolio is in Bitcoin right now. Let's take a closer look at why he's taking such an aggressive stance on Bitcoin.
For the typical 60/40 investor, this is going to sound like madness. Instead of investing 60% in stocks and 40% in bonds, Salinas is investing 70% of his liquid portfolio in Bitcoin and 30% in gold and gold miners. And he says that he doesn't hold any other stocks or any bonds.
