Mexico’s Third Richest Billionaire Says Buy Bitcoin, Forget Selling, You’ll Thank Me Later CryptoGlobe

Mexico's Third Richest Billionaire Says Buy Bitcoin, Forget About Selling, You'll Thank Me Later

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, advises to buy bitcoin, keep buying while the price is still low, and hold the crypto without thinking about selling. “Trust me, you’ll thank me later,” he said.

Billionaire Ricardo Salinas Pliego’s Bitcoin Advice

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave advice on investing in bitcoin on Saturday.

Salinas is the founder and chairman of Grupo Salinas, a group of companies with interests in telecommunications, media, financial services and retail stores. According to the Forbes Billionaires List, his net worth is currently over $13 billion.

The billionaire tweeted on Saturday urging his Twitter followers to buy bitcoin and keep buying while the price of BTC is still weak. His tweet reads:

You need to buy bitcoin (keep buying when the price is low) and then just hold your BTCforget the sale… trust me, you will thank me later.

Bitcoin has fallen more than 40% since its all-time high in November last year. A number of people and companies bought the drop, including Nasdaq-listed Microstrategy, U.S. Senator Ted Cruz and the government of El Salvador.

This isn’t the first time Salinas has strongly recommended buying bitcoin. He explained in June last year: “Bitcoin is an asset that has extraordinary properties… All the advantages that bitcoin has, for me, make it gold for the modern world.”

By comparison, Salinas often attacked fiat currency, calling it a fraud. “Governments don’t like bitcoin…it burns them that people can get out of their fiat trap because that’s what fiat money is, a fraud,” he said.

In November, he referred to “the extent of the creation of counterfeit money” in the United States, saying: “The good old United States looks more and more like any other irresponsible third world country” . He then advised, “Buy bitcoin now.”

He reiterated in December last year: “Stay away from fiat money. The dollar, the euro, the yen or the peso, it’s the same story. It’s counterfeit money made out of paper and lies. Central banks are printing more money than ever before. Invest in bitcoin.

What do you think of the Bitcoin advice from the Mexican billionaire? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

Image credits: Shutterstock, Pixabay, Wiki Commons

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