Latest news with #GrupoSalinas
Yahoo
4 days ago
- Business
- Yahoo
Billionaire Ricardo Salinas Says Sell Your Home And Buy Bitcoin
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. One of Latin America's wealthiest men is ramping up his advocacy for Bitcoin. "You have a house?" Grupo Salinas Chair Ricardo Salinas said on an episode of Robert Breedlove's "What is Money?" podcast released last week. "If you think that's your investment, sell the house and buy Bitcoin and rent, or keep the house, take a mortgage, buy Bitcoin and then use the Bitcoin to cover your spending needs as they show up." Salinas' remarks are a significant escalation from his previous advice that individuals employ a dollar cost averaging strategy to get into Bitcoin. The escalation comes as the billionaire says individuals are facing an imminent threat of having their savings eroded, touting Bitcoin as the only way out. Don't Miss: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. $100k+ in investable assets? – no cost, no obligation. He said that while a house was a good investment, it did not "stand a chance against Bitcoin," as the value of houses has historically gone down against the cryptocurrency asset. "You can't take the house with you if something happens," he said, outlining more downsides of real estate against Bitcoin. "And you know you get the property tax and you get the maintenance." Salinas said that amid the U.S.' mounting debt burdens, the government will soon attempt to liquidate the debt through inflation. The process of liquidating debt typically involves bringing interest rates below inflation, triggering more inflation that reduces the real value of the debt. Indeed, this is a strategy that President Donald Trump appears to be leaning towards, with multiple calls for the Federal Reserve to cut rates. Salinas said Mexico went through a similar occurrence in the 1980s, adding that he saw the currency exchange rate go from 20 pesos to a dollar to 3,000 pesos to a dollar in six years. Trending: It's no wonder Jeff Bezos holds over $250 million in art — Over the years, Salinas has built a public image of a libertarian who is opposed to the fiat system and inflation. "This fiat thing, which is a direct consequence of Keynesian economics, has to be put to death, you know, like the spike of the vampire with a silver bullet through the heart," he told Breedlove. In May, Salinas released a book called "The Bitcoin Enlightenment," co-authored with fellow Bitcoin proponents Pascal Hügli and Daniel Jungen. In the book, he expands on his distrust of the fiat system and his belief that Bitcoin is the way out. And per recent public claims, Salinas is putting his money where his mouth is."In my personal portfolio, the one I manage myself... Yeah, I'm pretty much all in," he told Bloomberg in March. I've got about 70% in Bitcoin-related exposure and 30% in gold and gold miners. I don't have a single bond and I don't have any other stocks except my own." Salinas' disclosed 70% allocation is a significant jump from the 60% he had announced in 2022. Beyond personal investments, Salinas disclosed plans to allow his bank, Banco Azteca, to accept Bitcoin in 2021, but he could not proceed with the plan due to regulatory hurdles in Mexico. Read Next: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O'Reilly and Rudy Giuliani are . Image: Shutterstock This article Billionaire Ricardo Salinas Says Sell Your Home And Buy Bitcoin originally appeared on
Yahoo
22-02-2025
- Entertainment
- Yahoo
Daniel Bisogno, TV Azteca Star and 'Ventaneando' Co-Host, Dies at 51
Daniel Bisogno, the TV Azteca star known as one of the co-hosts of the long-running entertainment news program Ventaneando, is dead. He was 51. The news was announced in a statement published on the show's official social media accounts on Thursday, Feb. 20. "It is with deepest sadness that we regret to report news we never wanted to give: our beloved Daniel Bisogno has just passed away due to complications he suffered after the liver transplant he underwent last September," the statement, written in Spanish, read. "Ventaneando is in mourning. Gone is one of our most outstanding members. Rest in peace. We will honor his memory always," the statement continued. Pati Chapoy, who created Ventaneando and serves as a co-host, also confirmed Bisogno's death on X, writing, "It is with immense sadness that I inform you that Daniel Bisogno has passed away." "We deeply regret the passing of our dear friend and colleague, Daniel Bisogno, he will always be remembered with great affection by the entire @Azteca family. We send our deepest condolences to all his family and friends," Benjamín Salinas, VP at Grupo Salinas, who owns TV Azteca, wrote on X. Related: Paying Tribute to the Celebrities Who Have Died in 2025 Bisogno had been a co-host of Ventaneando since 1997, coming on a year after it first went on air in 1996. He also starred onstage in the musical Lagunilla, Mi Barrio and appeared in the 1980s films El Mas Valiente del Mundo, Fieras Contra Fieras and Y Nunca Más. On Feb. 12 when his brother, Alejandro (Alex) Bisogno, appeared on Ventaneando and described Bisogno's health as "very delicate." Alejandro said that while everything had gone "in order" with his brother's transplant, he had developed complications that had caused him to be in and out of the hospital. Related: Paying Tribute to the Celebrities Who Have Died in 2024 "A bacterium settled in the bile ducts, and this was the true problem because it is a bacteria that has been mutating and we have not been able to eradicate. Each time antibiotics are administered, it becomes stronger and we have spent months trying to fight it," Alejandro said. Back in January, Bisogno called into the show during its 29th anniversary, saying it had been a "marvelous" couple of years on the show. 'It is a life that has given me everything, both good and bad, and everything has been a great experience for the most part. Absolute happiness," he said. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer , from celebrity news to compelling human interest stories. In addition to his brother, Bisogno is survived by his 8-year-old daughter, Michaela, whom he shares with ex-wife Cristina Riva Palacio. Read the original article on People
