Mexican billionaire: "Bitcoin is better than fiat money"

in #someeofficial3 years ago

One of the richest people in Mexico, Ricardo Salinas Pliego, noted that gold and fiat money have always been subject to government interference, unlike digital currencies. Ricardo Salinas Pliego stated that the decentralized nature of bitcoin makes it much more difficult to ban or control the digital currency, since it can be instantly transferred without the participation of an intermediary. Coupled with the bitcoin limit of 21 million coins, this allows the BTC holder to preserve wealth in the long term. "Everything we have in Fiat is under the control of the authorities and can be confiscated. Governments are not interested in making the use of cryptocurrencies easier and more accessible," he said. According to the billionaire, people lack fundamental knowledge about the history of money and paper currency. Otherwise, they would have realized how valuable bitcoin is. Recall that in December last year, Pliego published a video with a Christmas greeting, in which he urged viewers to buy bitcoins in the new 2022. Ricardo Pliego invested in bitcoin back in 2013, and in 2020 he invested 10% of his investment portfolio in the first cryptocurrency. Since then, he has often spoken out in support of digital currencies. At the beginning of September last year, the billionaire announced that the retail giant Grupo Elektra, owned by him, would add support for payments in BTC.345.png