Crypto

“Buy Bitcoin” advises billionaire Ricardo Salinas Pliego

“Buy Bitcoin” advises the Mexican billionaire

The third richest person in Mexico sent a moving New Years message to Bitcoin (BTC) enthusiasts on Christmas Eve. Ricardo Salinas Pliego recommended stepping away from fiat currency and buying Bitcoin in a two-minute festive video.

Life tips from the third richest person in Mexico:

“Don’t be jealous, believe in yourself and buy Bitcoin. ”

He gives his 957,200 Twitter followers three tips as part of his Christmas and New Years post before asking his followers to Retweet and share:

“Avoid fiat money. Whether it is the dollar, the euro or the yen, it is the same. It’s fake money made from lies on paper. Central banks are producing more than ever. “

He pauses before pointing the camera to say, “Invest in Bitcoin! “

In front of a golden Christmas tree, the other two ‘gifts’ of advice that Salinas left his followers were: let go of jealousy and believe in yourself, especially when seeking freedom and innovation.

It’s no wonder that Salinas encourages investment in Bitcoin. As one of the leading Bitcoin evangelists since 2013, his Twitter bio describes himself simply as a “Mexican businessman and Bitcoin holder.”

Salinas aims to make Mexico’s second-largest retail bank Banco Azteca the first lender in the country to do business with Bitcoin. However, Salinas, president of the bank’s parent company Grupo Salinas, was disappointed in June this year.

In response to its ambitious plans, Mexico’s central bank said that cryptocurrencies like Bitcoin are not legal tender and their use is prohibited in the country’s financial system. In September this year, Alejandro Díaz de León, governor of the Bank of Mexico, ruled out Bitcoin as a reliable legal tender, citing price volatility as a major obstacle to full adoption.

This is unlikely to deter Salinas. He has looted Mexico’s 128 million people since the summer, and in an interview with Cointelegraph in January this year, he shared his belief in Bitcoin as a non-confiscable asset.

In the interview, he also said that he first bought $ 500 BTC in 2013 through Grayscale, saying that in 2018 it was one of his “best investments of all time.” He also tweeted in favor of Bitcoin remittances, which could represent a potential market of $ 40 billion for Mexicans sending cross-border payments to the United States.

By Joseph Hall, FXStreet

Joseph is an investigative and interview journalist with a keen interest in the monetary policy implications of Bitcoin and cryptocurrencies.

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Disclaimer: The information and opinions in this report are provided for general information only and do not constitute an offer or a solicitation to buy or sell currency or CFD contracts. Although the information contained in this document has been taken from sources considered reliable, the author does not guarantee its accuracy or completeness, and does not assume responsibility for any direct, indirect or consequential damages that may arise from the fact that someone trusts such information.

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