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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 Crypto News
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
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Mexico’s third-richest billionaire, Ricardo Salinas Pliego, has suggested traders to “purchase bitcoin proper now.” He defined that the U.S. is “trying increasingly 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. economic system and bitcoin Wednesday. He’s the founder and chairman of Grupo Salinas, a gaggle of firms with pursuits in telecommunications, media, monetary companies, and retail shops. In keeping with Forbes’ checklist of billionaires, his web price is presently $14.2 billion.

Salinas tweeted a weekly chart of the entire 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 previous USA is trying increasingly like another irresponsible third world nation…wow…have 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 yr, 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.

As regards to bitcoin vs. gold, he advisable placing cash in bitcoin. “Bitcoin is the brand new gold,” he stated in June, including that it’s “way more moveable.” 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 amazing 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 beneath.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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

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