Mexico’s Third Richest Billionaire Says Buy Bitcoin, Forget About Selling, You’ll Thank Me Later – Markets and Prices Bitcoin News

Ricardo Salinas Pliego (Mexico’s third most wealthy billionaire) advises you to invest in bitcoin and keep purchasing while it is low. Then, hold onto the crypto until the price rises again. “Trust me, you’re going to thank me later,” he affirmed.

Billionaire Ricardo Salinas Pliego’s Bitcoin Advice

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

Grupo Salinas’ founder and chairman is Salinas. Grupo Salinas is a consortium of businesses that has an interest in media, telecom, financial services and retail. According to Forbes’ list of billionaires, his net worth is currently more than $13 billion.

He tweeted on Saturday to his followers, urging them to purchase bitcoin while it is cheap. He tweeted:

You have to buy bitcoin (keep buying when the price is low), then just hold your BTC, forget about selling … Trust me you’re going to thank me later.

Bitcoin’s all-time peak in November 2013 has seen it fall more than 40%. Numerous people and businesses have bought the dip including Microstrategy U.S.A. (Nasdaq-listed). Senator Ted Cruz (and the government of El Salvador).

Salinas strongly recommends 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.”

Salinas, on the other hand, often called fiat currency a fraud and attacked it. “Governments don’t like bitcoin … it burns them that people can get out of their fiat trap because that is what fiat money is, a fraud,” he opined.

In November, he referenced “the scale of fake money creation” in the U.S., stating: “Good old USA is looking more and more like any other irresponsible third world country.” He then advised, “Buy bitcoin right now.”

He reiterated in December last year: “Stay away from fiat money. The dollar, the euro, the yen, or the peso — they are all the same story. It’s fake money made of paper and lies. Central banks have been printing greater amounts of money than ever. Invest in bitcoin.”

What do you think about the Mexican billionaire’s bitcoin advice? Leave your comments below.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.