While saying that fiat currencies are all “scam,” Salinas Pliego stated that he'd rather hold only bitcoin for the next 30 years if he had to make a choice.
Ricardo Salinas Pliego, Mexico third richest man remains with his approval for bitcoin by specifying that his bank is going to begin using BTC. He marked off BTC limited supply as its most key benefit, he also added that if he was to choose only one asset to invest for the next 30 years, it will certainly be Bitcoin.
Pliego's Bank to Study BTC
The Mexican industrialist, initiator, and chairperson of Grupo Salinas, has made known his support for the first cryptocurrency for years. His first purchase came at $8,000, and most recently, he advised every investor to think of getting at least a minimum amount for their personal portfolios.
In a current interview in Mexico, he declared about the cryptocurrency once again and stated that having a finite quantity of only about 21 million coins to exist is “the pivotal part.”
In addition, BTC has “international value, that is traded with a large liquidity at a global level,” which is why he strongly believes that it should be a part of every portfolio.
The billionaire also plans to affirm his existence in the cryptocurrency space. Regardless of having around 10% of his liquid portfolio invested in BTC, he said his banking business will likely begin to use BTC soonest. If that occurs, it will be Mexico’s first bank to do so.
The One Asset for the Next 30 Years is Bitcoin
After saying that he had committed a lot of time learning bitcoin, Salinas Pliego stated further that cash is “fraud” and people should turn away from it. When he began his profession in 1981, the Mexican peso “was 20:1 to the USD; today, we are at 20,000:1.”
He also uttered that other nations’ local currencies, like Venezuela, Argentina, and Zimbabwe, have dumped even more of their value than the dollar. Although, the greenback itself is not even better as the “monetary emission went to the money. The dollar as hard money is a joke.”
Appealingly, Salinas Pliego accepted a question on which would be the only asset he would hold for the next thirty years. He fired the “stinky” fiat right away – “no paper bills” – rather, he said, “I would take bitcoin.”