TLDR
- Ricardo Salinas compared Bitcoin ownership to holding real estate for long-term value growth.
- The Mexican billionaire urged investors to ignore daily Bitcoin price fluctuations.
- Salinas said people should consider converting part of their fiat income into Bitcoin.
- Bitcoin has fallen 49.34% from its all-time high of $126,198 to around $63,920.
- Analyst Darkfost reported that over 80,000 BTC flowed into Binance within seven days.
Mexican businessman Ricardo Salinas Pliego called for a long-term approach to Bitcoin ownership during a recent interview. He compared Bitcoin holdings to real estate investments and discouraged attention to daily price movements. His remarks arrived as Bitcoin traded near $63,920 after a steep decline from its record high.
Bitcoin Ownership Should Mirror Real Estate Strategy
Salinas said investors should view Bitcoin as a long-term store of value rather than a short-term trading asset. He argued that people should consider converting part of their fiat income into Bitcoin instead of spending everything on consumer purchases.
He explained that most homeowners do not monitor property prices every day. Instead, they buy homes, maintain them, and wait for values to rise over time.
According to Salinas, Bitcoin holders should adopt the same mindset. He said investors should ignore daily volatility and focus on long-term appreciation.
“Think of Bitcoin like a house,” Salinas said during the interview. He added that patience remains a key part of his investment philosophy.
Salinas has supported Bitcoin for years and frequently promotes the asset publicly. He has often described Bitcoin as a better store of value than fiat currencies.
He also revealed that Bitcoin represents about 70% of his investment portfolio. In previous comments, he said he once advised his wife to sell her house and buy Bitcoin.
Bitcoin Decline Fuels Short-Term Selling Activity
Salinas made the comments while Bitcoin continued trading below its all-time high. The cryptocurrency fell 49.34% from $126,198 to about $63,920 at publication time.
The asset also dropped nearly 27% from last month’s $82,000 level. As a result, market fear increased among many short-term holders.
Market analyst Darkfost pointed to rising selling pressure on Binance. He linked the activity to Bitcoin price decline from $82,000 toward the $60,000 range.
According to Darkfost, many short-term holders reacted emotionally during the downturn. Their actions drove a surge in exchange inflows over several days.
Data shared by the analyst showed more than 80,000 BTC moved to Binance within seven days. At current prices, those transfers carried an estimated value of about $5 billion.
Even so, June inflows remained below February levels. During that earlier period, more than 100,000 BTC entered exchanges near the $60,000 price zone.
Salinas Maintains Long-Term Bitcoin Conviction
Darkfost said short-term holders often respond quickly to sharp market swings. He added that uncertainty frequently increases fear-driven selling activity.
Salinas continued advocating a different approach to Bitcoin ownership. He said investors should avoid reacting to every market move.
His position centers on accumulation and long holding periods. He believes that strategy can help investors stay focused during volatile periods.
The billionaire has repeatedly expressed confidence in Bitcoin despite market downturns. He continues to present the asset as a long-term store of value.
His latest remarks reinforced that message while Bitcoin traded near $63,920. He again encouraged investors to treat Bitcoin ownership like real estate ownership rather than short-term speculation.
