Hugo Salinas-Price: "Bitcoiners Will be Crying"
Mexican businessman Hugo Salinas-Price founded Mexico’s Elektra retail chain, which has more than a billion in revenue annually. Obviously, Elektra, whose current head is Hugo’s son Ricardo Salinas Pliego, is one of the largest retailers in Mexico. Salinas-Price is the President of the Asociación Cívica Mexicana Pro-Plata A.C., founded in 1997. He is a big proponent of precious metals; in particular he advocates for the remonetization of silver in Mexico. Salinas Price recently wrote a piece on his thoughts regarding Bitcoin.
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Ricardo Salinas Pliego breaks down his Bitcoin investment thesis. Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s second richest man, has revealed to Cointelegraph in an interview that he bought his first Bitcoin in 2013, when it was worth around $200. That, according to the billionaire, was his “best investment ever”. After holding it all the way until its 2017 highs, he sold all his positions at $17,000 and bought it again later at a cheaper price. “We always return to the scene of the crime”, he joked. Now Salinas holds around 10% of his liquid portfolio in....
When Robinhood halted the trading of GameStop securities, it showed that only by opting out with Bitcoin can one control their own money. The post GameStop Is The Market Crying Out For Bitcoin appeared first on Bitcoin Magazine.