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

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

28 seconds ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

2 hours ago

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

3 hours ago

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

3 hours ago

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

4 hours ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

4 hours ago

This website uses cookies.