Mexico's third-richest man Ricardo Salinas Pliego says his bank is working to accept bitcoin
- Mexico's third-richest man
Ricardo Salinas Pliegosaid his bank is working to accept bitcoin.
- The billionaire said "fiat is a fraud" in a video tweeted by MicroStrategy CEO Michael Saylor.
- Bitcoin makes up 10% of his portfolio, Salinas Pliego revealed late last year.
Mexican billionaire Ricardo Salinas Pliego said on Sunday that he advocates the use of bitcoin, and that his bank Banco Azteca is working on becoming the first in the North American country to accept the
"Sure, I recommend the use of #Bitcoin, and me and my bank are working to be the first bank in
Noted bitcoin bull Saylor had tweeted a video in which Salinas Pliego, the third-richest man in Mexico, took at shot at fiat currencies, saying "fiat is a fraud" and called them "stinky." He also said the "dollar as hard money is a joke."
Speaking in Spanish, Salinas Pliego said that after spending time studying bitcoin, he thinks every investor should include it in their portfolios.
He also cast doubt on ethereum's potential, given that there is currently no limit on the amount of ether issued. He said that "while they don't have a finite supply, I don't believe anything they do. For all I know, they emit more and your asset depreciates."
Salinas Pliego, who holds stakes in retail, banking, and broadcast businesses, is estimated to have a net worth of $15.8 billion, according to the Bloomberg Billionaires Index.
When bitcoin was trading at around $18,000 in November last year, the Mexican billionaire revealed that the digital asset made up 10% of his portfolio. Bitcoin has risen around 95% since then, but is still down 45% from its peak in April. That's largely down to China expanding its crackdown on cryptocurrencies and a growing debate about bitcoin's environmental impact.
However, El Salvador's move to become the first country to make bitcoin legal tender has sparked some optimism among proponents of
Read More: The president of the development bank that's working with El Salvador to adopt bitcoin as legal currency breaks down how the world-first rollout will work - and told us 3 major hiccups he's worried about
- India’s techies are leaving IT firms in hordes — Here’s why
- Elon Musk’s puppy, a new strategy to burn tokens, and altcoins playing catch up — the perfect storm for cryptocurrency Shiba Inu to skyrocket
- A renowned female crime novelist who won a million-euro prize in Spain turned out to be three middle-aged men
- India’s central bank imposes ₹1 crore penalty on the country’s biggest lender
- Elon Musk sparks another Shiba Inu rally ‘to the moon’ — other Shiba coins follow suit
- Amazon's campaign encourages customers to thank its associates and share their happiness with frontline teams
- Brazilians bought more than $4 billion in cryptocurrencies this year as the country looks to regulate Bitcoin
- If you are a pensioner, you can submit Jeevan Pramaan sitting at home — Here is what you need to do
- India T20 World cup Jersey
- Photo Editors Apps
- Google Pixel 6 series
- CBSE examdate sheet
- Tata Punch Price
- Punit Goenka
- Motorola Edge 20 Mobile
- Google TV stick vs Amazon Fire TV stick
- Oneplus 9rt smartphone
- Samsung Galaxy M52 review
- vodafone Idea News
- India Coal Crisis
- iPhone 13 vs iPhone 13 mini
- IRCTC Share price
- Maximum Sixes
- Tata Sons