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Billionaire Salinas Says He's Working for His Bank to Be First in Mexico to Take Bitcoin
"Fiat is fraud," the billionaire said in a recent video.
Ricardo Salinas Pliego, noted bitcoin bull and the 166th richest person in the world, said he is working to make his bank the first in Mexico to accept the largest cryptocurrency.
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- In a tweet responding to fellow bitcoin enthusiast and MicroStrategy CEO Michael Saylor, the Mexican billionaire said "me and my bank (Banco Azteca) are working to be the first bank in Mexico to accept #Bitcoin."
Lee este artículo en español.
- Saylor was commenting on a video featuring Salinas that was shared on Twitter by noted investor and bitcoin advocate Anthony Pompliano.
- In the video, Salinas explained how his witnessing hyper-inflation first-hand informed his rationale for investing in bitcoin and why he thinks "fiat is a fraud." He also explains why he would take the cryptocurrency over any other asset.
Here is a video of Mexico’s third wealthiest man explaining why he believes all fiat currencies are a fraud and he wants to hold bitcoin over the next 30 years.
— Pomp 🌪 (@APompliano) June 27, 2021
Incredible to see this from @RicardoBSalinas given his historic wealth and success. pic.twitter.com/FDVPxgWfFj
- Salinas is the founder and chairman of Grupo Salinas, a collection of companies with stakes in telecommunications, media, financial services and retail stores, per Wikipedia. Forbes puts his net worth at $15.8 billion.
Read more: Mexican Billionaire Reveals 10% of His Liquid Assets Are in Bitcoin
Kevin Reynolds
Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
