Mexico's Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country – Economics Bitcoin News – Bitcoin News


by Kevin Helms
Mexico’s third-richest billionaire, Ricardo Salinas Pliego, has advised investors to “buy bitcoin right now.” He explained that the U.S. is “looking more and more like any other irresponsible third world country.”
Mexican billionaire Ricardo Salinas Pliego commented on the U.S. economy and bitcoin Wednesday. He is the founder and chairman of Grupo Salinas, a group of companies with interests in telecommunications, media, financial services, and retail stores. According to Forbes’ list of billionaires, his net worth is currently $14.2 billion.
Salinas tweeted a weekly chart of the total value of the Federal Reserve’s assets (less eliminations from consolidation), which was updated on Nov. 18. It shows total assets of more than 8.67 trillion dollars. The billionaire tweeted:
Good old USA is looking more and more like any other irresponsible third world country…wow…look at the scale of fake money creation. Buy bitcoin right now.
The Mexican billionaire has been pro-bitcoin for quite some time. In November last year, he revealed that 10% of his liquid portfolio was in bitcoin.
In June, he announced plans for his bank to accept bitcoin. “I recommend the use of bitcoin, and me and my bank are working to be the first bank in Mexico to accept bitcoin,” he tweeted.
On the subject of bitcoin vs. gold, he recommended putting money in bitcoin. “Bitcoin is the new gold,” he said in June, adding that it is “much more portable.” He noted that transporting bitcoin “is so much easier” than having gold bars in your pockets.
In August, the third-richest man in Mexico tweeted:
I think bitcoin has a great future and it will change the world…. we will see.
What do you think about the comments by Mexican billionaire Ricardo Salinas Pliego? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Russian Nationalists Prepare Bill to Regulate Cryptocurrency Mining
Lawmakers from the Liberal Democratic Party of Russia are gearing up to introduce a draft law designed to regulate crypto mining. The nationalists say the legislation will benefit both Russian citizens and the state, as well as those who want … read more.
Sotheby’s to Bring Down the Hammer in Ethereum on 2 Iconic Banksy Paintings
Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists … read more.
Check all the news here


Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Ethereum Falls 10% In Selloff By –

Next Post

Cryptocurrency crash: Bitcoin, Ethereum fall in value. Here are possible causes – Hindustan Times

Related Posts