Put money into Bitcoin, Keep Away From {Dollars}, Euros – Featured Bitcoin Information

Mexico’s third-richest billionaire has suggested folks to avoid fiat currencies, just like the greenback and euro, and put money into bitcoin. Calling fiat “pretend cash fabricated from paper and lies,” he harassed that “central banks are printing extra money 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 blissful holidays. Salinas is the founder and chairman of Grupo Salinas, a bunch of corporations with pursuits in telecommunications, media, monetary providers, and retail shops. In line 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 stated:

Avoid fiat cash. The greenback, the euro, the yen, or the peso — they’re all the identical story. It’s pretend cash fabricated from paper and lies. The central banks are printing extra money than ever earlier than. Put money into bitcoin.

This was not the primary time Salinas has suggested folks to purchase bitcoin. In November, the billionaire tweeted “Purchase bitcoin proper now” citing that the U.S. is “wanting increasingly like some 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 simply accept BTC. “I like to recommend using bitcoin, and me and my financial institution are working to be the primary financial institution in Mexico to simply accept bitcoin,” he tweeted. He additionally believes that “Bitcoin is the brand new gold,” noting that it’s “way more transportable.”

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 within the feedback part under.

Kevin Helms

A scholar 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.

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