One of Mexico’s richest people – Ricardo Salinas Pliego – continues to support Bitcoin by asking investors to provide funds for it. When comparing the largest cryptocurrency in the world with gold, he favored cryptocurrencies.
Bitcoin is the new gold
Founder Grupo Salinas has been a proponent of Bitcoin for many years. Last year, he admitted investing in the leading digital asset back in 2016 when it cost around $ 800.
In June 2021, Salinas Pliego proposed that BTC be a financial instrument of “international value”. It is “traded with enormous liquidity” and therefore every investor should own one. Shortly thereafter, the billionaire described all fiat currencies as a “fraud” and said he would only hold Bitcoin for the next 30 years if he had to choose.
In a recent tweet, he emphasized his support and advised everyone to join the BTC ecosystem as soon as possible. He also criticized the United States, particularly the Federal Reserve, for the “amount of counterfeit money” it generated.
Good old USA looks more and more like any other irresponsible third world country … wow … look at the extent of counterfeit money creation.
Obtain #Bitcoin at the moment. https://t.co/xzv0xk2TQq pic.twitter.com/JMslqlagLE
– Ricardo Salinas Pliego (@RicardoBSalinas) November 24, 2021
It’s worth noting that the US Federal Reserve system has printed trillions of dollars to ease the economic burden caused by the COVID-19 pandemic. However, the vast amount of cash in circulation along with other controversial monetary policies has led to a rise in inflation rates around the world.
On the other hand, Bitcoin is finite because there will only be 21 million BTC. As a result, many view this asset as an inflation hedge and an appropriate investment solution in times of currency crises. Paul Tudor Jones and Jordan Peterson are among them.
Salinas Pliego, known as Mexico’s third richest person, is also a proponent of this claim. He added that Bitcoin was the “new digital gold”. Both assets have similar use cases, but the cryptocurrency is superior because it is “much easier to transport than gold”.
Grupo Salinas is the parent company of Banco Azteca (one of the leading banks in Mexico). In June of this year, Salinas Pliego announced its intention to offer its customers opportunities for crypto exposure.
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According to Cryptopotato