Mexico’s Third Richest Billionaire’s Guidance: Purchase Bitcoin, Keep Away From Dollars, Euros– Featured Bitcoin News


Mexico’s third-richest billionaire has recommended people to stay away from fiat currencies, like the dollar and euro, and buy bitcoin. Calling fiat”fake cash made from paper and lies,”he stressed that”

central banks are printing more money than ever in the past.”Ricardo Salinas Pliego Recommends Buying Bitcoin, Says Avoid Fiat Cash Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice Friday in a video he posted on Twitter to want his followers delighted vacations. Salinas is the founder and chairman of Grupo Salinas, a group of companies 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 three pieces of guidance he provided concerns bitcoin and reserve banks. The billionaire said:

Stay away from fiat money. The dollar, the euro, the yen, or the peso– they are all the same story. It’s phony cash made of paper and lies. The central banks are printing more cash than ever in the past. Purchase bitcoin.

This was not the very first time Salinas has encouraged people to purchase bitcoin. In November, the billionaire tweeted “Buy bitcoin right now” pointing out that the U.S. is “looking increasingly more like any other irresponsible developing nation.” He also posted a chart showing what he described as “the scale of fake cash development.”

In June, he revealed plans for his bank to accept BTC. “I advise making use of bitcoin, and me and my bank are working to be the very first bank in Mexico to accept bitcoin,” he tweeted. He also believes that “Bitcoin is the brand-new gold,” noting that it is “far more portable.”

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

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

Kevin Helms A student of Austrian Economics, Kevin found Bitcoin in 2011 and has actually been an evangelist since. His interests depend on Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This post is for informative functions only. It is not a direct deal or solicitation of an offer to buy or offer, or a suggestion or endorsement of any items, services, or business. does not offer investment, tax, legal, or accounting guidance. Neither the business nor the author is accountable, directly or indirectly, for any damage or loss caused or declared to be brought on by or in connection with making use of or reliance on any content, goods or services discussed in this post.

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