Cryptocurrency

Billionaire investors avoid real estate as a “bad investment”

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One of Mexico’s wealthiest entrepreneurs has made a dramatic social media claim that Bitcoin is better than property. Ricardo Salinas Pliego, worth nearly $6 billion, represented the view on his X (formerly Twitter) page this week. He described buying a home as a “fee” and encouraged individuals to reconsider investing in their property.

Salinas believes that Bitcoin is a better choice. He not only said this—he was investing in his mouth. Billionaires own about 70% of their assets in Bitcoin and Bitcoin-related investments.

Real estate is considered as expenses, not profits

Salinas didn’t back down when talking about real estate. He said owning a home is not what many people think of as an investment. Instead, he sees it as something that costs money. Property comes with taxation, maintenance and paperwork. It stays in one place and cannot be easily moved or changed.

While most people continue to view real estate as a conservative and default choice, Salinas explicitly expresses his belief that perception is ancient. In short: Individuals who buy real estate as speculative investments may be misunderstood.

BTCUSD trading at $96,437 on the 24-hour chart: TradingView.com

Bitcoin offers greater benefits

At least in recent times, Salinas claimed what it was. Between 2017 and 2024, real estate overall returns were 36%. Bitcoin almost exploded 2,000% in the same time frame.

This type of spike is not typical, with some investors warning about volatility and uncertainty of Bitcoin. However, it is difficult to deny these numbers. More and more people are noticing, especially after institutions start buying.

Bitcoin does not need to be fixed. It does not require a roof. No water bills or renters disturb you. For real estate, it is much less difficult to buy or sell quickly.

Image: Finance Monthly

Housing market growth slows down

According to a recent JPMorgan report, U.S. house prices will only rise 3% in 2025. This is a moderate increase considering inflation and other expenses are rising. Demand is also declining. Higher interest rates and economic uncertainty drive many buyers out of the market.

Investors who used to specialize in housing are now turning elsewhere. As Bitcoin becomes more and more used and maintenance costs decrease, it is becoming more attractive to retail and large investors.

Salinas doubles on Bitcoin

Salinas is not familiar with Bitcoin. He has talked about it for years. But should I keep 70% of his wealth? This is a powerful sign that he thinks it’s future. For those of you who are a huge business empire, such as Grupo Salinas and Grupo Elektra, this move shows a lot.

Featured images by Gemini Imagen, charts by TradingView

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