Mexican Billionaire Puts 70% of His Eggs in One $BTC Basket, Eyes $1M Price Tag 🥚

Mexican business magnate Ricardo Salinas Pliego has allocated roughly 70% of his investment portfolio to Bitcoin, according to a recent report, signaling deep conviction in the flagship cryptocurrency's long-term trajectory. The seventh-richest billionaire in Mexico cited the steady erosion of fiat currency purchasing power from inflation and monetary policy as a key driver behind the aggressive positioning, and has publicly encouraged other investors to consider Bitcoin exposure.

Salinas additionally forecast that Bitcoin could reach the $1 million milestone in the future, framing the call as a long-term outlook rather than a near-term price target. His portfolio concentration makes him one of the most heavily allocated traditional billionaires disclosed in the public domain, underscoring how a subset of high-net-worth Latin American investors continues to treat Bitcoin as a primary treasury asset.

Separately, the Royal Government of Bhutan moved Bitcoin between addresses in a series of transfers that market participants flagged, citing concerns over potential short-term selling pressure on $BTC. The on-chain movements were tracked by blockchain analytics platforms and discussed across crypto social channels, though the Bhutanese government has not publicly disclosed the operational purpose behind the transfers.

The disclosures arrived as Bitcoin Price struggled to defend the $66,000 support level, with traders citing thin liquidity and macro uncertainty as factors weighing on short-term sentiment. At the time of writing, $BTC remained rangebound near the support zone, with no confirmed breakout or breakdown in either direction.