Invest in Bitcoin, Avoid Dollars and Euros – Featured Bitcoin News


Mexico’s third richest billionaire has advised people to stay away from fiat currencies, like dollars and euros, and invest in bitcoin. Calling fiat “fake money made of paper and lies”, he stressed that “central banks are printing more money than ever before”.

Ricardo Salinas Pliego recommends investing in Bitcoin, says to avoid Fiat Money

Mexico’s third richest billionaire Ricardo Salinas Pliego gave some advice on Friday in a video he posted on Twitter to wish his followers happy holidays. Salinas is the founder and president of Grupo Salinas, a group of companies with interests in telecommunications, media, financial services and retail stores. According to Forbes’ Billionaire List, his net worth is currently $ 13 billion.

One of the three tips he gave was about bitcoin and central banks. The billionaire said:

Stay away from fiat money. The dollar, the euro, the yen or the peso, it’s the same story. It is counterfeit money made out of paper and lies. Central banks are printing more money than ever. Invest in bitcoin.

It was not the first time that Salinas advised people to buy bitcoin. In November, the billionaire tweeted “Buy bitcoin now”, citing that the United States “increasingly looks like any other irresponsible third world country.” He also released a chart showing what he described as “the extent of the creation of counterfeit money.”

In June, he announced that he expected his bank to accept BTC. “I recommend the use of bitcoin, and my bank and I are working to be the first bank in Mexico to accept bitcoin,” he tweeted. He also believes that “Bitcoin is the new gold”, noting that it is “much more portable”.

In December, Salinas announced that its distribution chain, Grupo Elektra, one of Latin America’s leading retailers, had started accepting bitcoin.

Do you agree with Mexico’s third richest billionaire on fiat currency and bitcoin? Let us know in the comments section below.

Kevin helms

An Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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