Search results for Grupo Salinas
Crypto
Mexican billionaire urges holding bitcoin long term like real estate
Mexican billionaire Ricardo Salinas Pliego, chairman of Grupo Salinas, said bitcoin should be viewed as a long-term asset like real estate. He urged investors to stop fixating on short-term price moves and approach BTC as a store of value over decades. Salinas also recommended converting part of received fiat currency into bitcoin rather than buying consumer goods, and focusing on long-term growth potential.
Crypto
Mexican billionaire says bitcoin will hit $1 million but timing unknown
Mexican billionaire Ricardo Salinas says he has allocated about 70 percent of his personal investment portfolio to bitcoin, up from about 10 percent in October 2020. He says bitcoin is superior to fiat currency and the gold standard because it is harder to seize and can be transferred instantly worldwide. He says he expects bitcoin to reach $1 million, though he does not know when.
Crypto
Anchorage and Mexico\'s Grupo Salinas partner on stablecoin-based cross-border payments
Anchorage Digital is introducing stablecoin infrastructure for U.S. dollar-based cross-border payments with Mexico\'s Grupo Salinas. Grupo Salinas plans to integrate Anchorage Digital\'s stablecoin infrastructure into cross-border payments through its crypto unit, Coinpro. The partnership focuses on shortening settlement cycles for dollar payments. The companies said they will use a blockchain-based payment network to add programmable features and real-time settlement while maintaining governance, security and regulatory standards required by large financial institutions.