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

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

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 like another irresponsible third world nation.”

Ricardo Salinas Pliego on US Economy and Bitcoin

Mexican billionaire Ricardo Salinas Pliego commented on the U.S. economic system and bitcoin Wednesday. He is the founder and chairman of Grupo Salinas, a bunch of firms with pursuits in telecommunications, media, monetary companies, and retail shops. According to Forbes’ listing of billionaires, his internet value is at present $14.2 billion.

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

Good previous USA is wanting increasingly like another irresponsible third world nation…wow…have a look at the dimensions of faux cash creation. Buy bitcoin proper now.

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.

On the topic of bitcoin vs. gold, he really useful placing cash in bitcoin. “Bitcoin is the brand new gold,” he mentioned in June, including that it’s “rather 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 are going to see.

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

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