Invest in Bitcoin, Stay Away From Dollars, Euros– Featured Bitcoin News

Mexico's Third Richest Billionaire's Advice: Invest in Bitcoin, Stay Away From Dollars, Euros

Mexico’s third-richest billionaire has actually encouraged individuals to keep away from fiat currencies, like the dollar and euro, and purchase bitcoin. Calling fiat “fake money made of paper and lies,” he worried 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, offered some suggestions Friday in a video he published on Twitter to want his fans pleased vacations. Salinas is the creator and chairman of Grupo Salinas, a group of business with interests in telecoms, media, monetary services, and retailers. According to Forbes’ list of billionaires, his net worth is presently $13 billion.

One of the 3 pieces of suggestions he offered issues bitcoin and reserve banks. The billionaire stated:

Stay far from fiat cash. The dollar, the euro, the yen, or the peso– they are all the very same story. It’s phony cash made from paper and lies. The reserve banks are printing more cash than ever in the past. Invest in bitcoin.

This was not the very first time Salinas has actually encouraged individuals to purchase bitcoin. In November, the billionaire tweeted “Buy bitcoin right now” mentioning that the U.S. is “looking more and more like any other irresponsible third world country.” He likewise published a chart revealing what he referred to as “the scale of fake money creation.”

In June, he revealed prepare for his bank to 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 likewise thinks that “Bitcoin is the new gold,” keeping in mind that it is “much more portable.”

In December, Salinas revealed that his retail chain, Grupo Elektra, a leading merchant in Latin America, has actually begun accepting bitcoin.

Do you concur with Mexico’s third-richest billionaire about fiat cash and bitcoin? Let us understand in the remarks area listed below.

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Kevin Helms

A trainee of Austrian Economics, Kevin discovered Bitcoin in 2011 and has actually been an evangelist since. His interests depend on Bitcoin security, open-source systems, network results and the crossway in between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This short article is for informative functions just. It is not a direct deal or solicitation of a deal to offer or purchase, or a suggestion or recommendation of any business, services, or items.

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