‘Absolutely Right’ to Think of Bitcoin as the New Gold – Third Richest Person in Mexico

Bitcoin (BTC) is undoubtedly the “new gold” for the third richest person in Mexico, Ricardo Salinas Pliego.

In a June 27 tweet, Ricardo Salinas Pliego confirmed his claim that he recommends Bitcoin as an investment rather than fiat currency or gold.

Pliego repeats the benefits of Bitcoin

A well-known proponent of Bitcoin, Pliego has stuck to his beliefs and fueled South America’s burgeoning trend towards becoming the largest cryptocurrency.

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“That’s absolutely true, Bitcoin is the new gold, but it is so mobile, it is much easier to transport Bitcoin than having gold bars in your pocket … and I knew that I would be attacked by gold lovers.”, Brother answered for a tweet from MicroStrategy CEO Michael Saylor.

Saylor linked to a previous video interview with Pliego in which he argued that Bitcoin easily beats the US dollar in preserving assets.

Pliego has expressed its admiration for Bitcoin on a variety of occasions and platforms, including in a dedicated interview with Cointelegraph earlier this year.

When asked by a Twitter user how Mexico could follow in El Salvador’s footsteps to make it legal tender, Pliego was left blank.

“No opinion”, he answered.

As Cointelegraph reported, El Salvador’s new era of BTC legal tender went into effect in September, while Paraguay is also making noise of increased usage.

'Absolutely Right' to Think of Bitcoin as the New Gold - Third Richest Person in Mexico 3
XAU / BTC 1-day candlestick chart. Source: TradingView

Ship: Nobody is going to buy the $ 30,000 discount $ 30,000

In the meantime, the Bitcoin versus gold debate is alive and well.

Related: Bitcoin on an uptrend, but BTC could never surpass gold’s $ 10K market cap – former NYSE boss

Peter Schiff, arguably the biggest gold bug on Twitter, continues to accuse Bitcoin of being much worse than the precious metal.

“Most bitcoin buyers who bought the last drop under $ 30,000 will not buy the next,” he said. to explain in one of two tweets on Friday.

“The main buyers will be those who took profits on the exit. Therefore, the next drop won’t be of great help. New buyers are likely to show up at $ 20,000, but less at $ 30,000. “

Analysts themselves also admit a decline to USD 20,000 or even below. However, this weekend, BTC / USD retained support at USD 30,000 after retesting it again.