Sunday, December 5, 2021

Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country – Economics Bitcoin News

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Mexico’s third-richest billionaire, Ricardo Salinas Pliego, has suggested buyers to “buy bitcoin right now.” He defined that the U.S. is “looking more and more like any other irresponsible third world country.”

Ricardo Salinas Pliego on US Economy and Bitcoin

Mexican billionaire Ricardo Salinas Pliego commented on the U.S. financial system and bitcoin Wednesday. He is the founder and chairman of Grupo Salinas, a bunch of corporations with pursuits in telecommunications, media, monetary providers, and retail shops. According to Forbes’ record of billionaires, his web value is at present $14.2 billion.

Salinas tweeted a weekly chart of the overall worth of the Federal Reserve’s belongings (much less eliminations from consolidation), which was up to date on Nov. 18. It reveals complete belongings of greater than 8.67 trillion {dollars}. The billionaire tweeted:

Good outdated USA is trying increasingly more like another irresponsible third world nation…wow…have a look at the dimensions of faux cash creation. Buy bitcoin proper now.

Mexico's Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country
The chart Ricardo Salinas Pliego posted. Source: Board of Governors of the Federal Reserve System.

The Mexican billionaire has been pro-bitcoin for fairly a while. In November final yr, he revealed that 10% of his liquid portfolio was in bitcoin.

In June, he introduced plans for his financial institution to simply accept bitcoin. “I recommend the use of bitcoin, and me and my bank are working to be the first bank in Mexico to accept bitcoin,” he tweeted.

On the topic of bitcoin vs. gold, he advisable placing cash in bitcoin. “Bitcoin is the new gold,” he stated in June, including that it’s “much more portable.” He famous that transporting bitcoin “is so much easier” than having gold bars in your pockets.

In August, the third-richest man in Mexico tweeted:

I feel bitcoin has a terrific future and it’ll change the world…. we’ll see.

What do you concentrate on the feedback by Mexican billionaire Ricardo Salinas Pliego? Let us know within the feedback part under.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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