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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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In a New Year message, a Mexican billionaire says, “Buy Bitcoin”

In A New Year Message, A Mexican Billionaire Says, "Buy Bitcoin"
Mexican billionaire/courtesy of Facebook Mexican billionaire/courtesy of Facebook
In A New Year Message, A Mexican Billionaire Says, "Buy Bitcoin"
Mexican billionaire/courtesy of Facebook Mexican billionaire/courtesy of Facebook

“Don’t be jealous, believe in yourself, and buy Bitcoin,” says Mexico’s third-richest person.

On Christmas Eve, Mexico’s third-richest person sent a heartfelt New Year message to Bitcoin (BTC) enthusiasts. In a two-minute holiday video, Ricardo Salinas Pliego suggested ditching fiat money and investing in Bitcoin.

As part of his Christmas and New Year message, he offers three pieces of advice to his 957,200 Twitter followers before asking them to retweet and share:

“Avoid fiat money at all costs. It doesn’t matter if it’s the US dollar, the Euro, or the Japanese yen. It’s phony money made up of lies on paper. Central banks are pumping out more money than they have in the past.”

“Invest in Bitcoin!” he says, pausing before pointing to the camera.

The other two “gifts” of advice Salinas left his followers in front of a golden Christmas tree were to let go of jealousy and to believe in oneself, especially when pursuing freedom and innovation.

It’s no surprise that Salinas encourages BTC investment. Since 2013, he has been a prominent Bitcoin evangelist, and his Twitter bio simply states that he is a “Mexican businessman and Bitcoin holder.”

Salinas wants to make Banco Azteca, Mexico’s second-largest retail bank, the country’s first BTC-accepting lender. In June of this year, however, Salinas, chairman of the bank’s parent company, Grupo Salinas, was disappointed.

Mexico’s central bank responded by declaring that cryptocurrencies such as Bitcoin are not legal tender and cannot be used in the country’s financial system. The governor of the Bank of Mexico, Alejandro Daz de León, dismissed Bitcoin as a reliable legal tender in September, citing price volatility as a major roadblock to full adoption.

Salinas is unlikely to be deterred. He’s been orange-pilling Mexico’s 128 million people since the summer, and he shared his belief in BTC as a non-confiscatable asset in a January interview with Cointelegraph.

He also stated in the interview that he first purchased BTC for $500 in 2013 through Grayscale and that it was one of his “best investments ever” by 2018. He’s also expressed support for Bitcoin remittances, which could be a $40 billion market for Mexicans sending cross-border payments to the US.

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