Billionaire Ricardo Salinas increased his Bitcoin portfolio to 80%, according to TradingView News. Salinas announced his investment strategy during an interview with CoinDesk this week, expressing his disinterest in the artificial intelligence market while continuing to accumulate Bitcoin. He emphasized that his approach resembles classical value investing.
What happened
Salinas revealed that he has enhanced Bitcoin’s (BTC) share of his liquid portfolio from 70% to 80% amid Bitcoin’s decline from over $120,000 last October to roughly $60,000. He stated, “I would never buy the AI bubble,” reiterating his commitment to Bitcoin during its recent downturn.
Furthermore, Salinas likened his investment strategy to that of Warren Buffett, emphasizing that he does not own stocks or bonds. He remarked, “I don’t own stocks. I don’t own bonds,” underscoring Bitcoin’s central role in his investment approach. The remainder of his portfolio includes investments in gold and silver miners, reflecting his mining heritage in Mexico.
While Bitcoin saw a slight 1% increase over the past 24 hours, the market sentiment turned neutral on Stocktwits. Investors continue to debate whether capital is shifting away from crypto markets, drawn by the enthusiasm surrounding artificial intelligence companies and investments in data centers.
Why it matters
This shift in investment focuses highlights critical market dynamics. As enthusiasm for artificial intelligence surges, investors may pull funds from cryptocurrency markets. Salinas’s rejection of the AI trade serves as a stark contrast to prevalent market trends, particularly amidst comments from other investors like Michael Saylor, who described Bitcoin’s struggles as an “AI summer slump.”
Salinas’s stance could influence other investors who remain cautious amid a challenging crypto market, particularly as Bitcoin has dipped over 26% this year and nearly 50% since its all-time high last year.
Background
On May 20, 2026, Salinas disclosed his Bitcoin holdings publicly for the first time, outlining his shift from traditional asset classes. He framed his increasing allocation to Bitcoin as a value investment rather than speculation, especially important during the volatile conditions the market has experienced this year.
Prior to Salinas’s announcement, the broader cryptocurrency market had been experiencing turbulence, with Bitcoin trading significantly lower than its peak in 2022, contributing to investor uncertainty regarding the future of digital assets.
What’s next
Investors will closely monitor upcoming earnings reports and market trends, particularly focusing on Bitcoin’s performance in the coming months, as analysts predict potential recoveries tied to historical cycles.
