The cryptocurrency billionaire named four reasons to invest in bitcoin

Ricardo Salinas, a Mexican billionaire and chairman of Grupo Salinas, has named four key reasons why investors should consider buying bitcoin BTC $60,918.43 Bitcoin -3.70% Market capitalization $1.2 trillion VOL. 24 hours $2.71 billion . First of all, Salinas noted the long-term growth potential of bitcoin. The billionaire compared investing in the first cryptocurrency to investing in a new but promising company at an early stage of development.

«You need to be able to invest and have patience, not be afraid to buy when the rate is falling and sell when it is going up. Imagine that you have just received your first paycheck after graduating from college. You have a few options: spend it on something stupid, put it in a traditional bank like Banco Azteca, or invest it in bitcoins. Start investing,» Salinas advised.

Another reason to buy bitcoin is easy access and liquidity. The billionaire explained that unlike traditional investments in real estate or funds, bitcoins can be bought and sold almost instantly in any quantity through online platforms. This provides flexibility, as investors always have access to funds whenever they need them, allowing them to respond quickly to market fluctuations.

Another reason to buy bitcoin is to diversify your investment portfolio. As the chairman of Grupo Salinas put it, it is important «not to put all your eggs in one basket.» Moreover, cryptocurrencies do not follow the same trends as stock or bond markets, which means that bitcoin can reduce risks.

The last factor Salinas mentioned was «protection from government policies.» Given the concerns about inflation and the devaluation of many government currencies, bitcoin is a good alternative with a limited supply of 21 million coins. Against this backdrop, bitcoin stands in stark contrast to paper money, which central banks can print endlessly, thereby reducing its value.

Recommending investments in bitcoin, Salinas warned investors that cryptocurrencies have their own risks, and it is important to take into account the uncertainty of digital asset regulation. It should be added that in 2022, Salinas said that 60% of his liquid portfolio was made up of bitcoins, and a few months ago, the billionaire said that bitcoin would «protect people from state robbery.»