Mexico’s third richest man recommends buying bitcoin immediately-saying the U.S. looks more and more like a third world country-economics bitcoin news

Ricardo Salinas Pliego, the third richest billionaire in Mexico, advises investors to “buy bitcoin now.” He explained that the United States “looks more and more like any other irresponsible third world country.”

Ricardo Salinas Pliego on the U.S. economy and Bitcoin

Mexican billionaire Ricardo Salinas Pliego made comments on the US economy and Bitcoin on Wednesday. He is the founder and chairman of Grupo Salinas, a company interested in telecommunications, media, financial services and retail stores. According to the list of Forbes billionaires, his current net worth is $14.2 billion.

Salinas tweeted a weekly chart of the total value of Fed assets (minus integration offsets), which was updated on November 18. It shows total assets of more than 8.67 trillion U.S. dollars. The billionaire wrote on Twitter:

The good old America looks more and more like any other irresponsible third world country…Wow…Look at the scale of fraudulent money. Buy bitcoins now.

Mexico's third richest man recommends buying bitcoin immediately
Chart published by Ricardo Salinas Pliego. Source: Board of Governors of the Federal Reserve System.

The Mexican billionaire has long supported Bitcoin.Last November, he disclose 10% of his current portfolio is Bitcoin.

In June, he announced his bank’s plan to accept Bitcoin. “I recommend using Bitcoin, and my bank and I are working hard to become the first bank in Mexico to accept Bitcoin,” he wrote on Twitter.

On the topic of Bitcoin and gold, he suggested investing money in Bitcoin. “Bitcoin is the new gold,” he said in June, adding that it was “more portable.” He pointed out that transporting bitcoin is “much easier” than putting gold bars in your pocket.

In August, Mexico’s third richest man wrote on Twitter:

I think Bitcoin has a bright future, it will change the world… We will see.

What do you think of the comments made by Mexican billionaire Ricardo Salinas Pliego? Please let us know in the comments section below.

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