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Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country – Economics Bitcoin News

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November 26, 2021
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Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country – Economics Bitcoin News

by oof_pj
November 26, 2021
in Bitcoin
0

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Mexico’s third-richest billionaire, Ricardo Salinas Pliego, has suggested buyers to “purchase bitcoin proper now.” He defined that the U.S. is “wanting increasingly more like another irresponsible third world nation.”

Ricardo Salinas Pliego on US Economic system and Bitcoin

Mexican billionaire Ricardo Salinas Pliego commented on the U.S. financial system and bitcoin Wednesday. He’s the founder and chairman of Grupo Salinas, a bunch of firms with pursuits in telecommunications, media, monetary providers, and retail shops. In response to Forbes’ record of billionaires, his internet price is at present $14.2 billion.

Salinas tweeted a weekly chart of the full worth of the Federal Reserve’s property (much less eliminations from consolidation), which was up to date on Nov. 18. It exhibits whole property of greater than 8.67 trillion {dollars}. The billionaire tweeted:

Good outdated USA is wanting increasingly more like another irresponsible third world nation…wow…take a look at the size of pretend cash creation. Purchase bitcoin proper now.

Mexico's Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country
The chart Ricardo Salinas Pliego posted. Supply: Board of Governors of the Federal Reserve System.

The Mexican billionaire has been pro-bitcoin for fairly a while. In November final 12 months, he revealed that 10% of his liquid portfolio was in bitcoin.

In June, he introduced plans for his financial institution to just accept bitcoin. “I like to recommend the usage of bitcoin, and me and my financial institution are working to be the primary financial institution in Mexico to just accept bitcoin,” he tweeted.

With regards to bitcoin vs. gold, he really helpful placing cash in bitcoin. “Bitcoin is the brand new gold,” he mentioned in June, including that it’s “way more transportable.” He famous that transporting bitcoin “is a lot simpler” than having gold bars in your pockets.

In August, the third-richest man in Mexico tweeted:

I feel bitcoin has an awesome future and it’ll change the world…. we’ll see.

What do you consider the feedback by Mexican billionaire Ricardo Salinas Pliego? Tell us within the feedback part under.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any harm or loss triggered or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

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