Ricardo Salinas Pliego, a Mexican billionaire who is one of the richest men in the country, supports the top leading crypto assets in a tweet. Saying he is aiming to make his Banco Azteca the first bank in Mexico to accept bitcoin.
As a response to the Chief Executive Officer of MicroStrategy, Micheal Saylor, Salinas said he and his bank are making moves to be the pace setter of banks accepting bitcoin in Mexico.
Saylor responded to a video clip in which the Mexican entrepreneur termed the country currency/fiat a “fraud” and advised that all investors purchase bitcoin.
Salinas also criticizes a Twitter user who was endorsing dogecoin. Though Doge is not the only crypto asset Salinas criticized, he also specified that the inflationary nature of Ethereum is its weakness and will not trust the crypto asset as much as they do not have a specific quantity of issuance. This was when he was questioned if Ethereum and other altcoins could outpace Bitcoin.
Ricardo Salinas Pliego called the top leading cryptocurrency (bitcoin) the new gold believing that bitcoin is an alternative to fiat currency and a reliable store of value.
The Mexican entrepreneur, according to Forbes, is worth over 15 billion US dollars. He owns the 2nd best television broadcaster in Mexico, TV Azteca, and Grupo Elektra, a retailing corporation founded by Salinas grandfather over seventy years ago. It aims at the lower-middle-class consumers, which most of them borrow from Banco Azteca to buy products.
Presently, the universe is witnessing a gradual change as banks commence offering direct crypto-related services to their clients.
While a Spanish bank (BBVA) recently tossed out a crypto-related opportunity for its Swiss customers, American financial colossuses like JPMorgan, Goldman Sachs, and others are also striving for ways their customers will have access to invest in Bitcoin.
The acceptance of bitcoin by major financial institutions is gradually increasing the recommendation of the crypto asset as an investable one.
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