The life advice of the third richest person in Mexico is: “Don’t be jealous, believe in yourself and buy Bitcoin.”
New Year’s resolutions
Mexico’s third-richest person sent a heartwarming New Year’s message to Bitcoin enthusiasts on Christmas Eve. Ricardo Salinas Pliego advised in a video to move away from fiat money and buy Bitcoins.
He gave three pieces of advice to his 957,200 Twitter followers as part of his Christmas and New Year’s message:
“Stay away from fiat money. Whether it’s the dollar, the euro or the yen, it’s all the same. It’s fake money, made of paper lies. Central banks are producing more than ever. Invest in Bitcoins.”
While a golden Christmas tree could be seen in the background, the other two pieces of advice were that “you must let go of jealousy and believe in yourself, especially in the pursuit of freedom and innovation.”
Miss queridos 957,200 seguidores and Twitter, les dejo un mensaje de #Navidad y de #FindAño, escuchenlo por favor y compártanlo.
Un abrazo y todo el éxito del universo para todos ustedes, que Dios les de salud, ganas de vivir y de salir adelante, el mundo es de los soñadores! pic.twitter.com/yL3HSNb9Hb
— Ricardo Salinas Pliego (@RicardoBSalinas) Dec 24, 2021
The Potency of Bitcoin
It is no surprise that Salinas promotes investments in BTC. He has been a huge Bitcoin enthusiast since 2013. This becomes immediately apparent when reading his twitter bio in which he describes himself as “Mexican businessman and Bitcoin holder”.
Salinas aims to make Banco Azteca, Mexico’s second largest bank, the first in the country to do business with BTC tokens. Salinas is the chairman of the parent company of this bank, called Grupo Salinas. So far, however, he has not yet succeeded in realizing this plan.
In response to its ambitious plans, Mexico’s central bank stated that cryptocurrencies such as Bitcoin are not legal tender and that their use in the country’s financial system is prohibited. In September of this year, Alejandro Díaz de León, governor of the Bank of Mexico, rejected BTC as a reliable legal tender. He pointed to price volatility as a major roadblock to accepting BTC as a means of payment.
It is unlikely to deter Salinas. He has been working since the summer to get all 128 million Mexicans to BTC. Last January he shared in a interview with Cointelegraph expressing its views on BTC as a non-confiscationable asset.
In the interview, he also stated that in 2013, he first bought Bitcoin worth $500. In 2018, this turned out to be one of his best investments ever. He has also tweeted about the benefit of Bitcoin remittances, which could represent a potential $40 billion market for Mexicans sending cross-border payments to the United States.