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

Cryptocurrency

By Yes Mobile

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

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

Mexico’s third-richest billionaire has suggested individuals to keep away from fiat currencies, just like the greenback and euro, and make investments in bitcoin. Calling fiat “faux cash manufactured from paper and lies,” he harassed that “central banks are printing more cash than ever earlier than.”

Ricardo Salinas Pliego Recommends Investing in Bitcoin, Says Keep away from Fiat Cash

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some recommendation Friday in a video he posted on Twitter to want his followers joyful holidays. Salinas is the founder and chairman of Grupo Salinas, a bunch of firms with pursuits in telecommunications, media, monetary companies, and retail shops. In accordance with Forbes’ checklist of billionaires, his internet price is at present $13 billion.

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

Keep away from fiat cash. The greenback, the euro, the yen, or the peso — they’re all the identical story. It’s faux cash manufactured from paper and lies. The central banks are printing more cash than ever earlier than. Make investments in bitcoin.

This was not the primary time Salinas has suggested individuals to purchase bitcoin. In November, the billionaire tweeted “Purchase bitcoin proper now” citing that the U.S. is “trying increasingly like every other irresponsible third world nation.” He additionally posted a chart displaying what he described as “the dimensions of faux cash creation.”

In June, he introduced plans for his financial institution to just accept BTC. “I like to recommend the usage of bitcoin, and me and my financial institution are working to be the primary financial institution in Mexico to just accept bitcoin,” he tweeted. He additionally believes that “Bitcoin is the brand new gold,” noting that it’s “far more moveable.”

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? Tell us 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 programs, community results and the intersection between economics and cryptography.

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Yes Mobile
Yes Mobile is the senior mobile blog writer and technology expert. Our aim provides the best information about mobile technology and latest mobile prices in Pakistan new mobile news video reviews issues etc. And how to use software easy ways. and much more.

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