Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC

Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC

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05/08/2021 by Koinal
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Mexico's third-richest person, Ricardo Salinas Pliego, increased his support for Bitcoin and announced that he plans to establish the country's first bank to accept BTC
Mexico's Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC

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The Mexican billionaire stated on June 27 that he supports the widespread release of BTC and that his bank is working to become the first bank in Mexico to accept the world’s largest digital asset. However, Salinas has said before that seeing Bitcoin as the “new gold” is correct.

Salinas responded to the tweet of billionaire Michael Saylor’s investment advice in Bitcoin, “Sure, I recommend the use of #Bitcoin, and my bank and I are working to be the first bank in Mexico to accept #Bitcoin if you need more details or information follow me on my Twitter account.”

In Saylor’s post, there are criticisms of Salinas’ fiat currencies. In the video, Salinas states that fiat currencies are fraud and corruption, and every investor should have Bitcoin in their portfolio.

Salinas is the founder and chairman of Grupo Salinas, which includes companies such as the giant local bank Banco Azteca, T.V. and radio network T.V. Azteca, electronics company Grupo Elektra, football club Mazatlan F.C.

With a 2020 revenue of $ 2.54 billion, Banco Azteca operates in countries such as Mexico, Panama, Guatemala, Honduras, and Peru. The bank, which started working in 2002, offers consumer loans, personal and small business loans, credit cards, home loans, and salary services.

According to the Bloomberg Billionaires Index, Salinas’ net worth has increased by $2.8 billion this year to $15.8 billion. In addition, Salinas invested 10 percent of his liquid portfolio in Bitcoin last year.

After seeing the historical peak of $ 60,000 in April this year, Bitcoin began to decline, and last week it saw below $ 30 thousand. Bitcoin, the world’s largest cryptocurrency, is trading at more than $ 33 thousand as of today.

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