Third Richest Person in Mexico: Buy Bitcoin Now

[ad_1]

One of the richest Mexicans – Ricardo Salinas Pliego – continues to support bitcoin by urging investors to allocate money to it. Comparing the main cryptocurrency to gold, he gave his preference to the former.

This is the new gold

The Mexican billionaire businessman and founder of Grupo Salinas – Ricardo Salinas Pliego – has been a bitcoin advocate for years. Last year, he admitted that he started investing in the main digital asset in 2016, when it was around $ 800.

In June 2021, Salinas Pliego estimated that BTC is a financial tool that has “international value”. It is “traded with enormous liquidity” and for this reason every investor should own a part of it. Soon after, he called all fiat currencies a “fraud” and said he would only hold bitcoin for the next 30 years if he had to choose.

In a recent tweet, the Mexican doubled his support, advising people to enter the BTC ecosystem as soon as possible. He also criticized the United States, in particular the Federal Reserve, for “the scale of counterfeit money” it has created.

The good old United States looks more and more like any other irresponsible third world country… wow… look at the extent of the creation of counterfeit money. Buy #Bitcoin now. https://t.co/xzv0xk2TQq pic.twitter.com/JMslqlagLE

– Ricardo Salinas Pliego (@RicardoBSalinas) November 24, 2021

It should be noted that the states central banking system printed trillions of dollars to reduce the economic blow caused by the COVID-19 pandemic. However, the large amount of cash in circulation as well as other controversial monetary policies have led to rising inflation rates globally.

On the other hand, bitcoin is over because there will never be more than 21 million BTC. As such, many see the asset as a hedge against inflation and a suitable investment solution in the event of a currency crisis. Paul Tudor Jones and Jordan Peterson are among the examples.

Salinas Pliego, known as the third richest man in Mexico, is also a supporter of this statement. He added that bitcoin is “the new digital gold”. Both assets have similar use cases, but cryptocurrency is superior because carrying it is “much easier than having gold in your pocket,” he concluded.

Ricardo Salinas Pliego. Source: BloombergBanco Azteca was set to offer BTC services

Grupo Salinas is the parent company of Banco Azteca (one of the main banks in Mexico). In June of this year, Salinas Pliego announced its intention to provide crypto opportunities to clients of the financial institution.

However, the country’s Central Bank, the Ministry of Finance, and the National Banking and Securities Commission reaffirmed that digital assets are not considered money under Mexican law. Therefore, banks are not allowed to operate bitcoin and altcoins in any way.

SPECIAL OFFER (Sponsored) Binance Free $ 100 (Exclusive): Use this link to sign up and receive $ 100 free and 10% off Binance Futures fees in the first month (terms).

PrimeXBT Special Offer: Use this link to register and enter the code POTATO50 to get a 50% free bonus on any deposit up to $ 1750.

[ad_2]