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
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…
Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…
With the platform facing a cracked whip, Trump Media company is expanding into new business…
Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…
Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…
SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…
This website uses cookies.