Crypto News

Invest in Bitcoin, Stay Away From Dollars, Euros – Featured Bitcoin News

Mexico’s third-richest billionaire has suggested folks to avoid fiat currencies, just like the greenback and euro, and make investments in bitcoin. Calling fiat “fake money made of paper and lies,” he pressured that “central banks are printing more money than ever before.”

Ricardo Salinas Pliego Recommends Investing in Bitcoin, Says Avoid Fiat Money

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some recommendation Friday in a video he posted on Twitter to want his followers comfortable holidays. Salinas is the founder and chairman of Grupo Salinas, a gaggle of corporations with pursuits in telecommunications, media, monetary companies, and retail shops. According to Forbes’ checklist of billionaires, his web value is at present $13 billion.

One of the three items of recommendation he gave issues bitcoin and central banks. The billionaire stated:

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

This was not the primary time Salinas has suggested folks to purchase bitcoin. In November, the billionaire tweeted “Buy bitcoin right now” citing that the U.S. is “looking more and more like any other irresponsible third world country.” He additionally posted a chart exhibiting what he described as “the scale of fake money creation.”

In June, he introduced plans for his financial institution to simply accept BTC. “I recommend the use of bitcoin, and me and my bank are working to be the first bank in Mexico to accept bitcoin,” he tweeted. He additionally believes that “Bitcoin is the new gold,” noting that it’s “much more portable.”

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? Let us know in the feedback part beneath.

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.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational functions solely. It will not be a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss prompted or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about in this text.

Related posts

FTX-Backed DeFi Land Opens Public Testing of Gaming Platform

Crypto Advisor

Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity – Mining Bitcoin News

Crypto Advisor

NFT-based crypto social trading platform Nested raises $7.5M » CryptoNinjas

Crypto Advisor

Leave a Comment