Ricardo Salinas Pliego, the third richest man in Mexico, tweeted over the weekend urging almost a million followers to just buy and keep on buying. This is from someone who knows what he is talking about.
He has been an enthusiast for some time now. Last June he announced that his bank was working to accept Bitcoin. In an interview at that time he said “For me, bitcoin is an asset that has extraordinary properties … All the advantages that bitcoin has, for me, make it gold for the modern world.”
He pointed out that you can’t go to a store and buy a computer with gold, you have to exchange the gold for currency first.
Compare him with Bitcoin’s detractors; what do they know about the subject? Just the other day a Canadian high court issued an injunction against a wallet provider commanding them to provide data on their account holders!
Pliego, owner of Mexico’s Banco Azteca, sees the weakness of fiat currencies, which can be printed at will, and compares that to the built-in scarcity of Bitcoin. He watched his country’s currency go down 1000-fold against the dollar in his own working life.
“The dollar as hard currency is a joke”
“Governments don’t like bitcoin… it burns them that people can get out of their fiat trap, because that is what fiat money is, a fraud… the dollar as hard currency is a joke.”
The guy is a goldmine of quotable quotes. Last November he described the US as becoming “more and more like any other irresponsible third world country”.
When we look around we can see that he is correct. And as he says, Life is to be lived without fear… we are not going to get out of it alive.
