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This is why Mexico's second richest billionaire invests in bitcoin

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This is why Mexico's second richest billionaire invests in bitcoin

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The second richest man in Mexico said he is now a genuine fan of bitcoin.

Indeed, Mexico's retail and media tycoon Ricardo Salinas Pliego admitted to his more than 800,000 followers on twitter that he was a bitcoin investor, or more precisely it could be called ' shark'.

So why does this billionaire want to invest in bitcoin?

In a recent tweet, Pliego warned investors that "right now you should protect your assets from inflation" and said that "bitcoin is the best candidate, this is the shelter. safest hidden assets at the moment ”.

“Many people ask if I invest in bitcoin? The answer is yes. I am currently allocating 10% of my portfolio to this cryptocurrency ”

“Why do I invest in bitcoin? Simply because I want to protect my property "

Pliego recommends investors to consider allocating more invested capital into this currency, as it will be a hedge against inflation and devaluation of paper currencies, he believes that if the government does not strictly controlling the printing of money will surely depreciate this currency.

He also posted a video to show that a Latin American bank was literally disposing of their banknotes.

“Look at the video above and you will see why I invested in bitcoin. In some countries where inflation is booming, banks throw away paper money because they are of no value. So I think you should diversify your portfolio and partially allocate it to bitcoin, which is always a good strategy ”

According to Forbes, the asset block that Pliego seeks to protect is currently worth $ 12 billion.

Pliego currently operates Mexico's second-largest television network, TV Azteca and retailer Grupo Elektra.


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