Categories: Market

Mexico’s third richest billionaire urges people to buy bitcoin now and forever

One of Mexico’s richest people – Ricardo Salinas Pliego – continues to support Bitcoin by asking investors to provide funds for it. When comparing the largest cryptocurrency in the world with gold, he favored cryptocurrencies.

Bitcoin is the new gold

Founder Grupo Salinas has been a proponent of Bitcoin for many years. Last year, he admitted investing in the leading digital asset back in 2016 when it cost around $ 800.

In June 2021, Salinas Pliego proposed that BTC be a financial instrument of “international value”. It is “traded with enormous liquidity” and therefore every investor should own one. Shortly thereafter, the billionaire described all fiat currencies as a “fraud” and said he would only hold Bitcoin for the next 30 years if he had to choose.

In a recent tweet, he emphasized his support and advised everyone to join the BTC ecosystem as soon as possible. He also criticized the United States, particularly the Federal Reserve, for the “amount of counterfeit money” it generated.

https://twitter.com/RicardoBSalinas/status/1463556450442170383?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
It’s worth noting that the US Federal Reserve system has printed trillions of dollars to ease the economic burden caused by the COVID-19 pandemic. However, the vast amount of cash in circulation along with other controversial monetary policies has led to a rise in inflation rates around the world.

On the other hand, Bitcoin is finite because there will only be 21 million BTC. As a result, many view this asset as an inflation hedge and an appropriate investment solution in times of currency crises. Paul Tudor Jones and Jordan Peterson are among them.

Salinas Pliego, known as Mexico’s third richest person, is also a proponent of this claim. He added that Bitcoin was the “new digital gold”. Both assets have similar use cases, but the cryptocurrency is superior because it is “much easier to transport than gold”.

Grupo Salinas is the parent company of Banco Azteca (one of the leading banks in Mexico). In June of this year, Salinas Pliego announced its intention to offer its customers opportunities for crypto exposure.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Cryptopotato

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Your Guide to the Best Presale Cryptos to Buy in November 2024, Qubetics, Filecoin, and Litecoin Comparison

Crypto is still shaking up the financial world, and the latest players in this space…

5 mins ago

$115M Success Story – Once an Underdog Here’s How BlockDAG Has Gone a Leg Up Against Archrival Kaspa

Discover why BlockDAG (BDAG) is emerging as a strong competitor to Kaspa (KAS) with its…

1 hour ago

BitMart’s Customer-Centric Vision: Growing with Purpose

With financial inclusion and customer-first on top of mind, founded in 2018, BitMart is a…

2 hours ago

Why Do Analysts Believe This is the Best Crypto to Join Right Now? Top Coins Set to Explode!

Finding the best crypto to join right now can feel like searching for a gem…

2 hours ago

Solana Optimistic Network Unveils Exciting SOON Testnet for Public Trials

In a release on the X platform, SOON—Solana Optimistic Network, a premium Rollup stack project—announced…

2 hours ago

Logan Paul Net Worth: Famous YouTube Star And Boxer

Logan Paul has consistently ranked among the highest-earning YouTubers worldwide. In this article, let's explore…

3 hours ago

This website uses cookies.