Search results for Ricardo Salinas
Crypto
Mexican billionaire Salinas: Don\'t be fooled by fiat, buy and hold bitcoin
Mexican billionaire Ricardo Salinas again promoted bitcoin as a way to protect assets from inflation in fiat currencies. In a video posted on X, he described fiat inflation as a hidden tax and urged people to buy and hold bitcoin to safeguard savings and defend freedom. He criticised the structure of the current monetary system and said bitcoin cannot be printed at will. Salinas has repeatedly attacked central bank money creation and said he raised bitcoin’s share of his portfolio to 70 percent.
Crypto
Legendary investor Jeremy Grantham says bitcoin will fade away
Billionaire investor Jeremy Grantham said bitcoin will lose interest over the long term and eventually converge to zero. He called it a \"useless speculative mechanism\" and said he has never held it. Grantham rejected claims that bitcoin is a store of value, citing its volatility, and said gold rose steadily over the same period. The article also notes bitcoin\'s decline from its 2025 peak and contrasting views from Mexican billionaire Ricardo Salinas Pliego.
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.
