Ricardo Salinas, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to bitcoin and bitcoin-related assets.

The prominent bitcoin advocate disclosed that the remaining 30% of his portfolio consists of gold and shares in his own companies. He stated, “I don’t have a single bond, and I don’t have any other stocks except my own.”

Salinas, whose net worth is estimated at $4.8 billion, has significantly increased his bitcoin exposure from 10% in 2020. The billionaire has been a vocal supporter of bitcoin, and he plans to make his bank, Banco Azteca, the first in Mexico to accept…

Read more on BitcoinMagazine

Today, THNDR, pioneers in play-to-earn (P2E) Bitcoin games as well as skill-based peer-to-peer (PvP) gaming solutions, announced the release of its latest title, Blackjack.

Designed for iGaming operators and aggregators, the game is now available via THNDR’s B2B PvP platform.

With this new game, THNDR aims to improve player engagement and retention, while employing cutting-edge instant payment settlement via the Lightning Network.

The underlying technology for the game addresses long-standing points of friction for operators, including player liquidity gaps and slow payout processes over traditional payment rails.

How THNDR’s Technology Works

THNDR’s…

Read more on BitcoinMagazine

Ricardo Salinas now directs 70% of his liquid portfolio to Bitcoin showcasing a substantial increase from his previous 10% allocation in 2020. During a Bloomberg interview the Mexican mogul emphasized his investment strategy focuses solely on Bitcoin gold and his own company shares. Salinas highlighted his avoidance of bonds and non-company related stocks underscoring a bold approach to his investments.

Amidst ongoing legal and tax disputes and plans to delist his flagship company Grupo Elektra Salinas remains a steadfast advocate for cryptocurrency. His current financial moves mark a significant shift in his investment outlook potentially influencing other high-net-worth individuals to follow suit.

A well-known proponent of Bitcoin Salinas is also making strides to integrate cryptocurrency into mainstream financial services. He aims to position his bank as the first in Mexico to accept Bitcoin demonstrating his commitment to not only investing in the currency but also enhancing its usability and acceptance.

Bloomberg

Sen. Cynthia Lummis (R-WY) visited the New York City “bitcoin bar,” PubKey, while in town for the sold out Bitcoin Investors Week conference hosted by bitcoin personality Anthony “Pomp” Pompliano.

Lummis then appeared live with Maria Bartiromo on Feb. 28 for Fox News’ “Mornings with Maria,” there to discuss largely:

“… the ‘extensive’ waste, fraud and abuse Elon Musk’s DOGE has found,” according to the Fox Business video’s title of the interview.

Bartiromo then turned the conversation toward the topic of bitcoin, asking the senator,

“I understand last night you bought drinks at (the) bitcoin-themed PubKey bar. But listen, you paid in…

Read more on bitcoinnews

NYSE Arca has made a significant move by filing a 19b-4 form with the US Securities and Exchange Commission to launch a Dogecoin exchange-traded fund. This groundbreaking initiative handled by Bitwise aims to bring Dogecoin to the mainstream financial markets. Coinbase Custody will safeguard the holdings while The Bank of New York Mellon manages the cash assets and administrative tasks. This filing follows Bitwise’s S-1 registration and marks a pivotal moment in integrating cryptocurrencies with traditional financial structures.

The proposed Dogecoin ETF intends to mirror the real-time value of Dogecoin based on the CF Dogecoin-Dollar Settlement Price. By closely aligning the ETF’s value with Dogecoin’s market price the structure ensures transparency and reliability in tracking its performance. This strategic development signals a bright future for cryptocurrency in conventional investment portfolios positioning Dogecoin at the heart of financial innovation.

“Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the “Act” or “’34 Act”) and Rule 19b-4 thereunder, NYSE Arca, Inc.(“NYSE Arca” or “Exchange”), proposes to list and trade shares of the Bitwise Dogecoin ETF (the “Trust”) under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares),” the filing read.

SEC Filed

Cameron Winklevoss, a prominent crypto advocate, emphasized the importance of establishing a national Bitcoin reserve for strategic self-sufficiency and national security. Writing on X, Winklevoss argued that like other critical resources such as rare earth minerals and gold, Bitcoin should be stockpiled by nations to reduce foreign leverage and enhance economic independence.

Winklevoss’s assertion comes as a stark reminder of the stakes involved. He pointed out that early adoption of a Bitcoin reserve would enable countries to secure better prices compared to later entries. His call aligns with broader discussions on economic strategy where timing and resource acquisition play pivotal roles. According to him, this isn’t just an option but a strategic necessity.