Latest News

A report of a current event, knowledge, information

News Image
Nov 29,2021

Mexicos Third Richest Man Advises Buy Bitcoin Now Says US Looking Increasingly Like Third World Country

Mexico's third-most extravagant tycoon, Ricardo Salinas Pliego, has encouraged financial backers to "purchase bitcoin at the present time." He clarified that the U.S. is "looking increasingly more like some other unreliable underdeveloped nation."

Ricardo Salinas Pliego on US Economy and Bitcoin

Mexican tycoon Ricardo Salinas Pliego remarked on the U.S. economy and bitcoin Wednesday. He is the author and executive of Grupo Salinas, a gathering of organizations with interests in broadcast communications, media, monetary administrations, and retail locations. As per Forbes' rundown of extremely rich people, his total assets is as of now $14.2 billion.

Salinas tweeted a week-by-week outline of the absolute worth of the Federal Reserve's resources (less ends from solidification), which was refreshed on Nov. 18. It shows absolute resources of more than 8.67 trillion dollars. The very rich person tweeted:

The past USA is looking increasingly more like some other reckless underdeveloped nation… amazing… check out the size of phony cash creation. Purchase bitcoin at the present time.

The Mexican tycoon has been favorable to bitcoin for a long while. In November last year, he uncovered that 10% of his fluid portfolio was in bitcoin.

In June, he declared designs for his bank to acknowledge bitcoin. "I suggest the utilization of bitcoin, and I and my bank are attempting to be the principal bank in Mexico to acknowledge bitcoin," he tweeted.

Regarding the matter of bitcoin versus gold, he suggested placing cash in bitcoin. "Bitcoin is the new gold," he said in June, adding that it is "considerably more convenient." He noticed that moving bitcoin "is such a great deal more straightforward" than having gold bars in your pockets.

In August, the third-most extravagant man in Mexico tweeted:

I think bitcoin has an extraordinary future and it will change the world… . we will see.

Related News