Mexico’s Third Richest Person Changes Twitter Bio To “Bitcoin”

Mexico’s third richest person Ricardo Salinas Pliego has just changed his Twitter bio to “Bitcoin” as he has shown interest in the currency as an alternative to fiat money so let’s read more about it in today’s BTC news.

Mexico’s third richest person Ricardo Salinas Pliego just changed his Twitter bio to Bitcoin and joined the ranks of many other rich people that choose Bitcoin with pride including Microstrategy’s Michael Saylor and Anthony Scaramucci from Skybridge as well as Elon Musk.  Salinas is the third richest person in Mexico and he is also tied with the Hong Kong magnate Lui Che-woo as the 106^th richest person in the world as per the Forbes list with a net worth of $13.2 billion.

Para iniciar con el #Bitcoin, les comparto un video tomado en un país latino donde los bancos tiran el dinero a la basura (el papel moneda no vale nada) es por eso que siempre es bueno diversificar nuestro portafolio de inversiones 😌.

Esto es la expropiación inflacionaria! 🤦🏻‍♂️ pic.twitter.com/ahblQW6AhO

— Ricardo Salinas Pliego (@RicardoBSalinas) November 17, 2020

Salinas is the founder and chairman of Grupo Salinas which is a Mexican media and retail conglomerate comprising TV Elektra, the second-biggest broadcaster and an electronics retailer. Salinas was eyeing up BTC for a while and posted a list of book recommendations including “The Bitcoin Standard” by Saifedean Ammous. A month later, Salinas tweeted of an attack on fiat money in the Latin American system and said that it is a good idea to diversify the portfolio.

Salinas posted an interview where he spoke about BTC and his last tweet advised his followers who are interested in the currency to follow the account of BTC guru Dan Held. Salinas retweeted Held as well and celebrated the BTC growth when it hit $40K. As reported previously, Salinas said that BTC was his best investment ever and he was holding it all the way until the 2017 highs as he sold his positions at $17,000 and then bought it again later at a cheaper price, as he jokingly said.

While initially attracted by BTC as a means of exchange, Salinas is convinced that BTC’s potential lies in the store of value features. According to him, Bitcoin’s properties are attractive in Latin American economies where the fiat currency is debased and inflation is rampant. Salinas pointed out that BTC is the natural result of the evolution of money from physical to digital:

 “Bitcoin is bits and bytes in the ether, but the good thing is that it cannot be debased and it cannot be confiscated that easily.”