Mobile Prices / Blog / Cryptocurrency / 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


By Yes Mobile

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.

Earlier articleErtha Metaverse Raises $5.4M

Extra Widespread NewsIn Case You Missed ItTony Hawk Launches ‘Final Trick’ NFT Assortment to Commemorate Profession and Signature MovesFollowing the American skilled skateboarder Tony Hawk’s first non-fungible token (NFT) sale on the NFT market Autograph, Hawk is commemorating his profession with a brand new sequence of NFTs referred to as the “Final Trick” assortment. The favored skateboarder’s newest digital collectibles showcase … learn extra.

Unlawful Crypto Miners Threatened With Jail Time in Russia

Snoop Dogg, Deadmau5 and NFTs — The Sandbox Alpha Recreation Overview

Polygon, Reddit Co-Founder’s VC Agency Launch $200 Million Social Media Web3 Fund

Ripple Achieves ‘Strongest 12 months Ever’ Regardless of SEC Lawsuit Over XRP, Says CEO

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.

Latest Posts

Latest Mobile Price List in Pakistan

BlackBerry DTEK70 Coming Soon
BlackBerry DTEK60 Coming Soon
Tecno Phantom 8 Rs. 34,500
Apple iPhone XS Max Rs. 166,499
Apple iphone 8 Plus Rs. 110,499
Apple iphone 8 Rs. 96,499
Apple iPhone X Rs. 128,499
Huawei Nova 3 Rs. 58,499
Honor 9 Mobile Rs. 55,499
Tecno Camon 11 Pro Rs. 29,500
Nokia 8 Sirocco Rs. 103,500
Meizu Zero Rs. 67,500
Nokia 5.1 Rs. 18,500
Nokia X6 Rs. 31,500
Nokia 4 Rs. 19,500
Realme 2 Rs. 25,499
Tecno Camon iACE2X Rs. 13,300
Realme U1 Rs. 28,499
Meizu Note 8 Rs. 44,500
Realme C1 Rs. 18,000
Meizu 16s Plus Rs. 71,500
Huawei P30 Pro Rs. 173,500
Samsung Galaxy A70 Rs. 61,499
Huawei P30 Lite Rs. 43,499
Oppo F11 Pro Rs. 54,499
Oppo A5s Rs. 19,500
Samsung Galaxy A10 Rs. 20,500
Vivo V15 Pro Rs. 57,500