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Jafrin Ahmed
Dec 28, 2021
by Jafrin Ahmed

Mexican Billionaire Encourages Twitter Followers to Invest in Bitcoin

Ricardo Salinas Bitcoin
As Mexico’s third-richest man, Ricardo Salinas Pliego knows something about money that the rest of us don't. The billionaire recently recommended his 960,000 Twitter followers to invest in Bitcoin (BTC) while staying steer clear of fiat.

Mexican Billionaire Gives Out Bitcoin Advice 

In a festive spirit wishing happy New Year, Ricardo Salinas encouraged his social media followers to stay away from fiat currencies and instead invest in cryptocurrencies like Bitcoin (BTC).

“Stay away from fiat money,” Salinas said in the Spanish-language video he posted on December 24. “The dollar, the euro, the yen, the peso all are the same story. It's fake money made of paper lies, and the central banks are producing more money than ever. Invest in Bitcoin.”

His latest message doesn’t come as a surprise, concerning Salinas has been a long-term Bitcoin holder. He first bought BTC at $500 in 2013 and claims to be his best investment ever. At one point he revealed having 10 percent of his wealth in the flagship cryptocurrency.

This was not the first time the billionaire has advised people to buy bitcoin. In November, he tweeted “Buy bitcoin right now” while citing that the US is “looking more and more like any other irresponsible third world country.”

Earlier this month his Mexican retail chain Grupo Elektra became the first to accept bitcoin (BTC) for payments in Mexico.

In June, he announced plans that his bank, Banco Azteca, will accept BTC as payments. “I recommend the use of bitcoin, and I and my bank is working to be the first bank in Mexico to accept bitcoin,” he tweeted.

However, Mexico's central bank issued a statement the next day saying Bitcoins are not legal tender and that financial institutions were not authorized to offer/accept crypto transactions.

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Ricardo Salinas Pliego Bitcoin Ricardo Salinas Pliego Bitcoin Mexican Billionaire Bitcoin
Mexican Billionaire Encourages Twitter Followers to Invest in Bitcoin
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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