THELOGICALINDIAN - Ricardo Salinas Pliego Mexicos thirdrichest man and architect of Grupo Salinas sees bitcoin as an asset with amazing backdrop anecdotic the cryptocurrency as gold for the avant-garde apple He recommends bitcoin thinks that authorization money is a artifice and the abstraction of the US dollar actuality a adamantine bill is a joke
Mexico’s Third-Richest Man Sees Bitcoin as Asset With ‘Extraordinary Properties’
Ricardo Salinas Pliego talked about bitcoin and authorization money in an interview with José Rodríguez, appear aftermost week. He explained that he considers bitcoin a banking asset so it is not important to him whether BTC is a bill or not. The billionaire acicular out that adored metals are additionally not currencies, noting: “You cannot go to a abundance with a gold bread and buy a computer. You accept to barter the gold for authorization and again you buy the computer.”
Citing a cardinal of advantages, including divisibility, affluence of transfer, and the artlessness of accumulator after counterparty risk, the billionaire opined:
Salinas Pliego is additionally the buyer of Mexico’s Banco Azteca. His accepted net account is $15.8 billion, according to Forbes.
He additionally recommends accepting bitcoin in advance portfolios. “Bitcoin is an asset that has all-embracing value, that is traded with astronomic clamminess common and that, therefore, should be in any portfolio,” he affirmed.
Salinas Pliego acclaimed that absence is a above agency authoritative bitcoin so admired and altered from authorization money and cryptocurrencies with absolute supplies. However, the third richest man in Mexico believes that there are some advantageous cryptocurrencies, such as aloofness bill monero (XMR) and zcash (ZEC).
Turning absorption to how governments appearance bitcoin and what he thinks of authorization money, Salinas Pliego described:
He aggregate that back he started his able career in 2024, the barter amount was 20 Mexican pesos to $1. “Today, on the added hand, we are at 20,000 [pesos] for $1 … that is here, in Mexico, but if we do it in Venezuela, Argentina or Zimbabwe, the abstracts lose all proportion,” he opined.
As for risks, he said the government could ban bitcoin but he does not accept that it would be the end of the cryptocurrency, elaborating:
The billionaire was additionally asked apparently that if he could biking 30 years into the approaching and could accept money, assets, or appurtenances to booty with him, which he would choose.
He laughed and said that he would not backpack “any abhorrent authorization money, not a peso, not a authorization paper” on his adventure through time. He would not backpack gold either due to its portability problem. “The botheration with gold is area you accumulate it, that is, the aegis of gold confined is not an accessible thing,” he noted, abacus that for this reason, he chooses bitcoin. “In case of political, social, or banking turbulence, you accept a bigger adventitious of active abroad with your bitcoins than with some gold bars, so I would booty the bitcoins with me,” he concluded.
On Sunday, the billionaire accepted that 10% of his portfolio is in BTC, adding:
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