Despite the crypto industry being in turmoil, Mexico’s third-richest man has suggested traders invest in Bitcoin. Salinas Pliego, the chairman and founder of Grupo Salinas, recently tweeted about the US looking more like any other third-world country.
The billionaire ended the tweet by suggesting traders invest in Bitcoin. Grupo Salinas is a renowned group of organizations with ties to media, retail stores, financial solutions, and telecommunications. As per Forbes, Salinas currently boasts more than 14 billion dollars in worth. Hearing positive suggestions about Bitcoin from a man of such caliber is undoubtedly reassuring for crypto investors.
Salinas posted a total value chart of the Fed’s assets in the tweet. Previously updated on November 18th, the chart shows assets worth approximately 8.7 trillion dollars. The billionaire showed disdain about the numbers, stating that the United States looks more like a third-world country.
The billionaire ended the tweet by suggesting traders invest in Bitcoin. This is not the first time Salinas has openly supported Bitcoin. The Mexican pro-BTC billionaire revealed Bitcoin covering 10% of his liquid portfolio in 2020.
Later in June, the billionaire also shared plans for several banks accepting Bitcoin. Salinas recommended banks use Bitcoin, starting with the banks under his jurisdiction. The founder of Grupo Salinas stated that transporting BTC is much easier than owning a gold bar.
Salinas’ open support for Bitcoin again emerged in August as the billionaire tweeted about Bitcoin’s great future. The tweet stated that Bitcoin would revolutionize the world, and everyone would see it. Given the growth Bitcoin has shown in recent times, the statement packs serious validation.
The fact remains that the majority of the industry is still ambiguous about crypto. It is anyone’s speculation as to how it would pan out. Nonetheless, seeing Bitcoin offering premium returns to traders will undoubtedly help it dominate the market unless major countries ban crypto altogether.
Leave a Reply