Thursday, January 27, 2022

Mexico’s Third Richest Billionaire’s Advice: Invest in Bitcoin, Stay Away From Dollars, Euros – Featured Bitcoin News

- Advertisement -
- Advertisement -
- Advertisement -

Mexico’s third-richest billionaire has suggested individuals to avoid fiat currencies, just like the greenback and euro, and make investments in bitcoin. Calling fiat “fake money made of paper and lies,” he confused that “central banks are printing more money than ever before.”

Ricardo Salinas Pliego Recommends Investing in Bitcoin, Says Avoid Fiat Money

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some recommendation Friday in a video he posted on Twitter to want his followers completely happy holidays. Salinas is the founder and chairman of Grupo Salinas, a gaggle of corporations with pursuits in telecommunications, media, monetary providers, and retail shops. According to Forbes’ record of billionaires, his internet value is at the moment $13 billion.

One of the three items of recommendation he gave considerations bitcoin and central banks. The billionaire stated:

Stay away from fiat cash. The greenback, the euro, the yen, or the peso — they’re all the identical story. It’s faux cash product of paper and lies. The central banks are printing extra money than ever earlier than. Invest in bitcoin.

This was not the primary time Salinas has suggested individuals to purchase bitcoin. In November, the billionaire tweeted “Buy bitcoin right now” citing that the U.S. is “looking more and more like any other irresponsible third world country.” He additionally posted a chart displaying what he described as “the scale of fake money creation.”

In June, he introduced plans for his financial institution to simply accept BTC. “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. He additionally believes that “Bitcoin is the new gold,” noting that it’s “much more portable.”

In December, Salinas introduced that his retail chain, Grupo Elektra, a number one retailer in Latin America, has began accepting bitcoin.

Do you agree with Mexico’s third-richest billionaire about fiat cash and bitcoin? Let us know in the feedback part under.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational functions solely. It just isn’t a direct supply or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, providers, or corporations. doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any injury or loss brought on or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or providers talked about in this text.

Source hyperlink

- Advertisement -

More from the blog

TP ICAP Adds Susquehanna as Market Market for Upcoming Crypto Platform

TP ICAP, the most important inter-broker seller, introduced on Thursday that it has added Susquehanna, a quantitive buying and selling agency, as a...

Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements – Economics Bitcoin News

Equities, crypto markets, and valuable metals did effectively in the course of the early morning buying and selling classes on Wednesday, simply earlier...

Gen.G Esports Signs Partnership with South Korean Bithumb Crypto Exchange

On January 26, Gen.G, a world esports group, introduced its new partnership with Bithumb, a South Korean cryptocurrency change. Through Twitter,...

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power – Mining Bitcoin News

The primary utility firm in Irkutsk is seeking to acquire virtually $800,000 from house owners of crypto farms which have allegedly induced a...