Forget Fiat, Purchase Bitcoin Bitcoin Instead
Mexican billionaire Ricardo Salinas Pliego has always been a big proponent of bitcoin. The billionaire has numerous times told investors to invest in bitcoin over fiat given the potential of the former and how it can serve as an inflation hedge. He has once again openly shown backing for the digital asset in a Christmas video where he has advised investors to steer clear of fiat and invest their cash in bitcoin.
Dishing Out Bitcoin Advice For The Holidays
In the video posted on his Twitter profile with almost 1 million followers, the billionaire gave out some key life and investing recommendation. His message spanned from asking his followers to not give in to jealously and to always believe in themselves when they pursue their freedom and innovation. Indeed, also gave some pertinent suggestion regarding investing inHefiat.
Indeed, Focusing on fiat cash in general, the fiat businessman gives his followers some important bits of suggestion regarding in modern times investing in successful. In short, he asked them to not . itdo Interestingly, He did not limit his advice to a particular fiat currency, instead, he says to stay clear of all forms of fiat currencies.
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Indeed, “ clear ofSteerfiat cash. Whether it’s the Dollar, the Euro, or the Yen –it’s all the same,” Salinas said. “It’s fake funds made of paper lies. Central.”banks are producing more than ever
Salinas then gives outfiatan alternative to ; bitcoin. The billionaire advised investors to instead obtain bitcoin instead of fiat.
BTC settles above $50K | Source: BTCUSD on TradingView.com
As as it turns out you may know, The Government Is Stealing Your Funds
In another tweetActually, , the billionaire reiterates his stance on fiat funds. of time, comparing the price This things in 2020 versus 90 years ago. This argument has been made a good amount in inflation debates and how much buying power has depreciated over the last century, and Salinas puts this in perspective using two pictures comparing the purchasing power of $20 in two different centuries.
The tweet warned followers that inflation was a instrument for the government to keep the masses scared and controlled, as well as stealing their cash through taxes.
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It’s worth noting that “Central banks and governments utilize to steal yourINFLATIONpurchasing power and keep you where they want to have you … scared, controlled, quiet and without freedom, they set your schedules, they put regulations on you and they keep your cash through ‘taxes’.”
He signs off the tweet with a bitcoin hashtag hinting at the digital asset as being the fix to this.
As you may know, Salinas always beenhasa bitcoin bull since 2013 when he had purchased his first bitcoin. In 2018, he referred to it as one of his leading-performing investments and at one point said he had 10% of his wealth in the cryptocurrency.
Elektra, a Mexican retail chain owned by Salinas, recently the first to accept bitcoin payments inbecameMexico.
Featured image from Cointribune, chart from TradingView.com
