Skip to main content

Mexico's Third Richest Person Said He Would Rather Hold Bitcoin for the Next 30 Years


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.”


Popular posts from this blog

  Pick a niche The Blockchain and Crypto space is large and full of opportunities. Most people limit the industry to just a place to trade and make quick cash little do they know that you can actually build a career and achieve much more. There's a lot of skills required in blockchain technology. Firstly, you can become a trader, a day time trader or night trade it all depends on your schedule. You can actually make 10 to 20% of your capital daily or even more depending on the volume of your capital and trading strategy. you can become an investor who spots good coins and invests in a project you believe will do well, you can hodl, meaning you can buy and hold for short or long term period.  OTC trading is actually underrated, you can become an over the counter trader by just buying and selling cryptocurrency through the P2P Platforms or escrow groups, there's a lot of money to be made here if you move volumes on a daily. You can become an expert in technical analysis and give
WHAT YOU NEED TO KNOW ABOUT  NON FUNGIBLE TOKENS NFTs (or "non-fungible tokens") are a kind of digital asset with a unique kind of token-unlike other assets like bitcoin and dollar bills which have a particular and fixed amount that is accepted by all, NTFS have a unique price for every token. Every NFT is Unique, they can be used to authenticate ownership of digital assets like musical records, artwork, virtual real estates and pets. NFTs could be likened to a kind of certificate of authenticity for digital artefacts. They're are actually been used to sell a huge range of collectables currently including: *A tweet by Dallas Mavericks owner and entrepreneur Mark Cuban. *Video art by Grimes *The Original "Nyan cat" meme *Virtual real Estate in a place called Decentraland  and others...   As other digital assets like Bitcoin and other cryptos has grown in popularity over the years, NFTs have also soared — growing to an estimated $338 million in 2020. Each NFT is s

Understanding Tokens And Coins

WHAT ARE COINS AND TOKENS In cryptocurrency, coins are native to their own blockchain, Which are often used as money. whilst tokens have been built on another blockchain like Ethereum or waves. Entering the cryptocurrency market can be complicated, hearing about bitcoin and a thousand other coins that exist could also be a strong bone to swallow at a time. Thus in other to have a smooth ride in the space, first identify the difference between a coin and a token. what is a coin? : Coins refer to any cryptocurrency that has an independent blockchain-like bitcoin. These cryptocurrencies are built from the scratch. Bitcoin exists as a censorship-resistant store of value, and medium of exchange that has a secure, fixed monetary policy. Making bitcoin the most liquid cryptocurrency in the market and has the highest market cap in the cryptocurrency sector. Ethereum is another example of a coin, ETH is the native coin of the Ethereum ecosystem and smart contract platform for creating general-