Billionaire Ricardo Salinas: Forget Fiat, Buy Bitcoin Bitcoin Instead

Mexican billionaire Ricardo Salinas Pliego has always been a big proponent of bitcoin. The billionaire has numerous times told investors to invest in bitcoin over fiat given the potential of the former and how it can serve as an inflation hedge. He has once again openly shown support for the digital asset in a Christmas video where he has advised investors to steer clear of fiat and invest their money in bitcoin. Dishing Out Bitcoin Advice For The Holidays In the video posted on his Twitter account with almost 1 million followers, the billionaire gave out some important life and investing advice. His message spanned from asking his followers to not give in to jealously and to always believe in themselves when they pursue their freedom and innovation. He also gave some pertinent advice regarding investing in fiat. Focusing on fiat money in general, the successful businessman gives his followers some important bits of advice regarding investing in fiat. In short, he asked them to not do it. He did not limit his advice to a particular fiat currency, instead, he says to stay clear of all forms of fiat currencies. Related Reading | 74% Of Bitcoin Holders Remain In Profit At Current Prices “Steer clear of fiat money. Whether it’s the Dollar, the Euro, or the Yen –it’s all the same,” Salinas said. “It’s fake money made of paper lies. Central banks are producing more than ever.” Salinas then gives out an alternative to fiat; bitc...