Mexico’s Second Richest Man Reveals 10% of His Liquid Assets Are in Bitcoin

Ricardo Salinas Pliego, Mexico’s third-richest man and founder of Grupo Salinas, sees bitcoin as an asset with extraordinary properties, describing the cryptocurrency as “gold for the modern world.” He recommends bitcoin, thinks that fiat money is a fraud and the idea of the U.S. dollar being a hard currency is a joke. Mexico’s Third-Richest Man Sees Bitcoin as Asset With ‘Extraordinary Properties’ Ricardo Salinas Pliego talked about bitcoin and fiat money in an interview with José Rodríguez, published last week. He explained that he....

According to a recent Kitco News interview, Salinas Ricardo Pliego, founder and chairman of Grupo Salinas and Mexico’s third‑richest man, has stepped up his Bitcoin buying. Bitcoin trades at $104,900, down over 6% from its all‑time high of $112,000. Pliego isn’t fazed by the drop. He’s loading up while others hesitate. Related Reading: Eric Trump […]

The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. Mexican Billionaire Warns About Inflation Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice Thursday regarding inflation, hyperinflation, bitcoin, and fiat currencies at the Bitcoin 2022 conference in Miami, Florida. Salinas is the founder and chairman of Grupo....

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....

Mexico’s third-richest billionaire has advised people to stay away from fiat currencies, like the dollar and euro, and invest in bitcoin. Calling fiat “fake money made of paper and lies,” he stressed that “central banks are printing more money than ever before.” Ricardo Salinas Pliego Recommends Investing in Bitcoin, Says Avoid Fiat Money Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice Friday in a video he posted on Twitter to wish his followers happy holidays. Salinas is the founder and chairman of Grupo....