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Mexico’s Third Richest Man Advises Purchase Bitcoin Now — Says US Trying More and more Like Third World Nation – Economics Bitcoin Information


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 more like some other irresponsible third world nation.”

Ricardo Salinas Pliego on US Financial 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 corporations with pursuits in telecommunications, media, monetary companies, and retail shops. Based on Forbes’ checklist of billionaires, his web value is at the moment $14.2 billion.

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

Good outdated USA is trying increasingly more like some other irresponsible third world nation…wow…take a look at the size of pretend cash creation.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 reference 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 “rather 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 amazing future and it’ll change the world…. we are going to see.

What do you concentrate on the feedback by Mexican billionaire Ricardo Salinas Pliego? Tell us within the feedback part beneath.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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