Home » Second Richest Man of Mexico is All Praise for Bitcoin

Second Richest Man of Mexico is All Praise for Bitcoin

by Lisa Zheng
3e32df7b Bc45 4daf Bc0d E9357b44f8ae

Bitcoin is gaining immense acceptance from the bigwigs across the world. Major celebrities and influential personalities from various parts of the world are not only supporting Bitcoin but also investing heavily in it.

Mexico’s second richest man Ricardo Salinas Pliego has now said that Bitcoin is his best investment.

Ricardo Salinas Pliego Supports Bitcoin

Ricardo Salinas Pliego, one of the most influential figures in Mexico and the president of Grupo Salinas, talked about Bitcoin in an interview with the CoinTelegraph.

Pliego procured his first Bitcoin in 2013, and since then, the price of Bitcoin has grown exponentially. Pliego sold out all the Bitcoin positions for $17000 in 2017 and procured new Bitcoin later. In a recent interview, he exclaimed that Bitcoin was his best investment ever.

He holds more than 10 percent of his liquid money in Bitcoin and is planning to keep that for a longer time. He expressed that he wants to use it for the next five or ten years and is highly optimistic of Bitcoin’s capability to grow substantially, especially in Latin American countries. He said that Bitcoin has the power to make a difference in the debilitating Latin American economies marred by inflation and growing concerns of the falling fiat currencies.  He cited the examples of Venezuela, Argentina, where the fiat currencies are collapsing. He added that such conditions are eye-opening.

Ricardo Salinas Pliego is a prominent Mexican businessman with a net worth of more than $12.8 billion as per Forbes and runs Grupo Salinas, a conglomerate of multiple industries like retail, finance, telecom, and entertainment in Mexico. He is also the chairman of TV Azteca, which is the second-largest media company in the country.

He has openly vouched for Bitcoin, saying that the investors would protect their assets against inflation and suggested that Bitcoin is the safest hedge. He said in the interview that “A lot of people ask me if I should invest in Bitcoin. The answer is yes. I am allocating 10% of my wallet to this cryptocurrency ».

Through his Twitter Handle, Salinas repeatedly motivates investors and users to consider Bitcoin and crypto on the whole. He suggests that one must diversify their investments wallet and adjudicated that the paper money is losing its worth and acceptance of digital finance has contributed to the growth of Bitcoin.


The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

Popular News

Leave a Comment

Ads Blocker Image Powered by Code Help Pro

Please support us to continue to provide free news for everyone

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock