The advice of Mexico’s third-richest billionaire: invest in Bitcoin, stay away from dollars, euros

Mexico’s third-richest billionaire advised people to stay away from fiat currencies like the dollar and euro and invest in bitcoins. Calling fiat money “false money made of paper and lies”, he emphasized that “central banks are printing more money than ever before”.

Ricardo Salinas Pliego recommends investing in Bitcoin, says to avoid fiat currency

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice on Friday in a video he posted on Twitter to wish his followers happy holidays. Salinas is the founder and president of Grupo Salinas, a group of companies with interests in telecommunications, media, financial services and retail stores. According to the Forbes Billionaires List, its net worth is currently $13 billion.

One of the three pieces of advice he gave concerns Bitcoin and central banks. The billionaire said:

Stay away from fiat money. The dollar, the euro, the yen or the peso: it's all the same story. It's fake money made out of paper and lies. Central banks are printing more money than ever before. Invest in bitcoins.

This isn’t the first time Salinas has advised people to buy bitcoins. In November, the billionaire tweeted “Buy Bitcoin Now,” citing that the United States “looks more and more like any other irresponsible third world country.” He also published a chart showing what he described as “the scale of fake money creation”.

In June, he announced plans for his bank to accept the BTC. “I recommend using bitcoins, and my bank and I are working to be the first bank in Mexico to accept bitcoins,” he tweeted. He also believes that “Bitcoin is the new gold”, and notes that it is “much more portable”.