Mexican billionaire Ricardo Salinas said today that 60% of his liquid investment portfolio is in Bitcoin.

Salinas is Mexico’s third-richest man, and the world’s 154th richest, with a net worth of $12.8 billion, according to Bloomberg. At the Miami Bitcoin 2022 conference today, Salinas said he doesn’t own any bonds—instead preferring to invest mostly in Bitcoin.

This is up from 2020, when the business magnate admitted 10% of his portfolio was in Bitcoin—saying at the time that the asset “protects the citizen from government expropriation."

“I definitely don’t have any bonds,” he said today. “I have a liquid portfolio—I have 60% in Bitcoin and Bitcoin equities, and then 40% in hard asset stocks like oil and gas and gold miners, and that’s where I am.”

Salinas, who is chairman of Grupo Elektra, a home appliance and electronics retailer, has long been a Bitcoin fan. In October 2020, he posted on Twitter a list of book recommendations, including ‘The Bitcoin Standard’ by economist Saifedean Ammous.