ABSOLUTELY RIGHT TO THINK OF BITCOIN AS THE NEW GOLD — MEXICOS 3RD RICHEST MAN

Last updated: June 19, 2025, 22:59 | Written by: Erik Voorhees

Imagine a world where your wealth isn't tied to government policies or inflated currencies.A world where you have absolute control over your assets, and they can't be easily debased or confiscated. Ricardo Salinas Pliego doubles down on BTC yet again as gold and the U.S. dollar come in for serious criticism. Bitcoin (BTC) is definitively the new gold for the third richest man in Mexico, Ricardo Salinas Pliego.In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat MoreThis isn't a futuristic fantasy; it's the reality that Bitcoin offers, according to Ricardo Salinas Pliego, Mexico's third-richest man and founder of Grupo Salinas.He's not just casually mentioning Bitcoin; he's actively advocating for it, stating unequivocally that it's ""absolutely right"" to consider Bitcoin as the new gold. Bitcoin ($108,806.00 ) (BTC) is definitively the new gold for the third richest man in Mexico, Ricardo Salinas Pliego. In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin ($108,806.00 ) as an investment rather than fiat currencies or gold. Pliego reiterates Bitcoin ($108,806.00 ) benefitsIn a world grappling with economic uncertainty and rampant inflation, Salinas Pliego's perspective carries significant weight.He views fiat currencies, including the U.S. dollar, with skepticism, calling them a ""fraud."" He sees Bitcoin as a far superior alternative, a digital asset with extraordinary properties that can safeguard wealth in the face of financial instability.This article dives deep into Salinas Pliego's rationale, exploring why he believes Bitcoin is the future of value storage and how his vision is impacting the financial landscape in Mexico and beyond.

Ricardo Salinas Pliego: A Bitcoin Evangelist

Ricardo Salinas Pliego isn't your average billionaire dipping his toes into the crypto world.He's a vocal and passionate proponent of Bitcoin, consistently advocating for its adoption as a superior alternative to traditional financial systems. 501 subscribers in the PaintingTheTape community. A Cryptocurrency Trading Forum dedicated to thoughtful discourse and analysis of the cryptoHe doesn't shy away from criticizing fiat currencies and the established banking industry, believing they are inherently flawed and susceptible to manipulation.His conviction stems from a deep understanding of Bitcoin's underlying technology and its potential to empower individuals.

His outspoken views on Bitcoin are frequently shared on social media, particularly on Twitter, where he directly engages with his followers and the wider crypto community.These public endorsements carry considerable influence, shaping public perception and driving adoption, especially within Mexico and Latin America.

Why Bitcoin is the New Gold: Salinas Pliego's Perspective

Salinas Pliego's assertion that Bitcoin is the new gold isn't a mere soundbite; it's based on a well-reasoned analysis of Bitcoin's unique characteristics.He sees Bitcoin as possessing several key advantages over traditional gold and fiat currencies:

Scarcity: Like gold, Bitcoin has a limited supply of 21 million coins.This scarcity ensures that it cannot be easily debased by central banks or governments, unlike fiat currencies, which can be printed at will.
Portability: Bitcoin is easily transportable and transferable across borders, unlike gold, which is cumbersome and expensive to move.He noted in a tweet that transporting bitcoin is so much easier than having gold bars in your pockets.
Decentralization: Bitcoin is not controlled by any single entity, making it resistant to censorship and manipulation. 'Absolutely right' to think of Bitcoin as the new gold Mexico's 3rd richest man. Bitcoin (BTC) is definitively the new gold for the third richest man in Mexico, Ricardo Salinas Pliego. In aThis decentralization provides users with greater autonomy and control over their assets.
Inflation Hedge: As a scarce asset, Bitcoin is seen as a hedge against inflation, protecting wealth from the erosion of purchasing power caused by rising prices.
Security: Bitcoin's blockchain technology ensures secure and transparent transactions, reducing the risk of fraud and theft.

In essence, Salinas Pliego views Bitcoin as a modern, digital version of gold, possessing all the benefits of the precious metal without the limitations of physical storage and transportation.He believes Bitcoin offers a more secure and reliable store of value in an increasingly uncertain economic climate.

Banco Azteca and Bitcoin Adoption in Mexico

Beyond simply advocating for Bitcoin on social media, Salinas Pliego is actively working to integrate it into the Mexican financial system through his bank, Banco Azteca.He has publicly stated his intention to make Banco Azteca the first bank in Mexico to accept Bitcoin, a move that would significantly boost Bitcoin adoption in the country.

While regulatory hurdles may exist, Salinas Pliego's commitment to Bitcoin integration signals a significant shift in the Mexican financial landscape.If Banco Azteca were to successfully incorporate Bitcoin into its services, it could pave the way for other banks and financial institutions to follow suit, leading to widespread adoption of cryptocurrency in Mexico.

Potential Impact of Banco Azteca Accepting Bitcoin

The potential impact of Banco Azteca accepting Bitcoin is far-reaching:

Increased Bitcoin Adoption: Providing a regulated and trusted platform for Bitcoin transactions would make it easier for Mexicans to buy, sell, and use Bitcoin, driving wider adoption.
Financial Inclusion: Bitcoin could provide access to financial services for the unbanked population in Mexico, who may not have access to traditional banking facilities.
Reduced Reliance on Fiat Currencies: By offering a viable alternative to the Mexican Peso, Banco Azteca could help reduce reliance on fiat currency and mitigate the effects of inflation.
Innovation in the Financial Sector: Integrating Bitcoin into the banking system could spur innovation and competition in the Mexican financial sector, leading to new and improved financial services.

Bitcoin vs. New story: 'Absolutely right' to think of Bitcoin as the new gold Mexico's 3rd richest manFiat: A Clash of Ideologies

Salinas Pliego's advocacy for Bitcoin is fundamentally a critique of the existing fiat currency system.He believes that fiat currencies, controlled by governments and central banks, are inherently flawed due to their susceptibility to inflation and manipulation. 3.8K subscribers in the AllThingsCrypto community. A sub to discuss cryptocurrnecy.He views the idea of the U.S. dollar being a hard currency as a ""joke.""

He argues that the ability of governments to print money at will erodes the value of fiat currencies over time, effectively stealing wealth from savers and wage earners.In contrast, Bitcoin's fixed supply makes it a more stable and reliable store of value, protecting against the ravages of inflation.

Why Salinas Pliego Thinks Fiat is a ""Fraud""

Salinas Pliego's strong language about fiat currencies stems from his belief that they are a tool used by governments to control and manipulate the economy. Mexico s largest conglomerates, said he is working to make his bank Banco Azteca the country's first bank to accept Bitcoin.He points to the following issues:

Inflation: The ability to print money leads to inflation, which devalues savings and reduces purchasing power.
Debt: Governments often finance their spending by issuing debt, which can lead to unsustainable levels of indebtedness and economic instability.
Control: Fiat currencies give governments significant control over the economy, allowing them to influence interest rates, manipulate exchange rates, and control the flow of money.

He argues that Bitcoin, with its decentralized and transparent nature, offers a more equitable and democratic alternative to the current fiat system.

The Gold vs. Absolutely right to think of Bitcoin as the new gold Mexico s 3rd richest manBitcoin Debate: A Modern Store of Value

The debate between gold and Bitcoin as a store of value has been raging for years. Bitcoin is definitively the new gold for the third richest man in Mexico, Ricardo Salinas Pliego. In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends BitcoinWhile gold has been a trusted store of value for centuries, Bitcoin proponents argue that it offers several advantages in the modern digital age. Your customizable and curated collection of the best in trusted news plus coverage of sports, entertainment, money, weather, travel, health and lifestyle, combined with Outlook/Hotmail, FacebookSalinas Pliego firmly sides with Bitcoin, believing it surpasses gold in several key aspects.

While some, like Peter Schiff, continue to champion gold and criticize Bitcoin, a growing number of investors and economists are recognizing the potential of Bitcoin as a viable alternative or complement to gold. Bitcoin (BTC) is definitively the new gold for the third richest man in Mexico, Ricardo Salinas Pliego. In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currencies or gold. Pliego reiterates Bitcoin benefits Pliego, already well known as a Bitcoin proponent, has stuck by his [ ]The key difference lies in their inherent characteristics and their suitability for the 21st century.

Bitcoin's Advantages Over Gold

Bitcoin's advantages over gold include:

Divisibility: Bitcoin can be divided into much smaller units than gold, making it more accessible to a wider range of investors.
Ease of Storage: Bitcoin can be stored digitally in a secure wallet, eliminating the need for physical storage and security measures.
Ease of Transfer: Bitcoin can be transferred quickly and easily across borders, without the need for intermediaries or expensive transaction fees.
Transparency: All Bitcoin transactions are recorded on a public blockchain, providing transparency and accountability.

However, it's crucial to acknowledge that Bitcoin's volatility is a significant factor. 比特币（BTC）无疑是墨西哥第三大富豪Ricardo Salinas Pliego的新黄金。在6月27日的一条推文中，Ricardo Salinas Pliego证实了他推荐比特币作为投资选择，而不是法定货币或黄金。Gold has historically been less volatile, offering a more stable store of value.Therefore, the choice between gold and Bitcoin depends on individual risk tolerance and investment goals.

Navigating Bitcoin's Volatility and Risks

While Salinas Pliego is a strong advocate for Bitcoin, he also acknowledges the risks associated with investing in cryptocurrency. [Blockchain Today Reporter Lee Ji-eun] Ricardo Salinas Pliego, the third richest man in Mexico, on Twitter on the 27th (local time) recommended Bitcoin as more valuable than fiatBitcoin is known for its volatility, meaning its price can fluctuate significantly over short periods.This volatility can be unsettling for some investors and requires careful consideration.

However, Salinas Pliego views Bitcoin's volatility as a natural part of its price discovery process.As more people adopt Bitcoin and its utility increases, he believes its price will stabilize over time. 'Absolutely right' to think of Bitcoin as the new gold Mexico's 3rd richest man. Open in AppHe advises investors to approach Bitcoin with a long-term perspective, focusing on its potential as a store of value rather than short-term price fluctuations.

Strategies for Managing Bitcoin Risk

Here are some strategies for managing Bitcoin risk:

Diversification: Don't put all your eggs in one basket. Em um tweet em 27 de junho, Ricardo Salinas Pliego incentivou a recomenda o do Bitcoin como um investimento, em vez de moedas fiduci rias ou ouro. Pliego reitera benef cios do Bitcoin. Pliego, j conhecido como um proponente do Bitcoin, manteve sua convic o, promovendo a tend ncia da Am rica do Sul para a maior criptomoeda.Diversify your investments across different asset classes to mitigate risk.
Dollar-Cost Averaging: Invest a fixed amount of money in Bitcoin at regular intervals, regardless of the price.This helps to smooth out volatility and reduce the risk of buying at the top.
Research: Thoroughly research Bitcoin and understand its underlying technology and risks before investing.
Secure Storage: Store your Bitcoin in a secure wallet and take precautions to protect your private keys.
Long-Term Perspective: Approach Bitcoin as a long-term investment and avoid making emotional decisions based on short-term price fluctuations.

The Future of Bitcoin and Financial Freedom

Salinas Pliego's vision for Bitcoin extends beyond simply being a store of value. He noted that transporting bitcoin is so much easier than having gold bars in your pockets. In August, the third-richest man in Mexico tweeted: I think bitcoin has a great future and it will change the world . we will see. What do you think about the comments by Mexican billionaire Ricardo Salinas Pliego?He believes that Bitcoin has the potential to empower individuals and promote financial freedom by providing them with greater control over their money and financial lives.He sees Bitcoin as a tool for breaking free from the control of governments and banks, and building a more decentralized and equitable financial system.

His efforts to integrate Bitcoin into the Mexican financial system are a testament to his belief in its transformative potential.By providing access to Bitcoin through Banco Azteca, he hopes to empower Mexicans to take control of their financial destinies and build a more prosperous future.

Conclusion: Embracing the Digital Gold Rush

Ricardo Salinas Pliego's unwavering belief that ""it's absolutely right to think of Bitcoin as the new gold"" carries significant weight, not just because of his immense wealth but because of his clear articulation of Bitcoin's potential.He sees it as a powerful tool for financial freedom, a hedge against inflation, and a superior alternative to a fiat system he views as fundamentally flawed. Bitcoin (BTC) is definitively the new gold for the third richest man in Mexico, Ricardo Salinas Pliego.In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currencies or gold.While Bitcoin certainly carries risks, its scarcity, portability, and decentralization make it a compelling asset for the modern world. Mexico s 3rd-richest man, Ricardo Salinas has recently shared insights on why people should adopt Bitcoin (BTC) as an alternative to banks, noting that Bitcoin will catalyze inflation taxes due to the inability to debase the digital asset.Whether you're a seasoned investor or new to the world of crypto, Salinas Pliego's insights offer a valuable perspective on the future of money.As he continues to champion Bitcoin and work towards its integration into the Mexican financial system, his vision of a decentralized and empowered financial future is steadily becoming a reality.

The key takeaways are:

Ricardo Salinas Pliego believes Bitcoin is superior to fiat currencies and gold.
He plans to integrate Bitcoin into Banco Azteca.
Bitcoin's volatility requires careful risk management.
Bitcoin promotes financial freedom and decentralization.

What are your thoughts on Bitcoin being the new gold? Der Streit zwischen Gold und Bitcoin bekommt mit den Aussagen von Pliego ein weiteres Kapitel, denn noch scheiden sich hier die Geister. Peter Schiff, der auf Twitter regelm ig die Werbetrommel f r Gold r hrt und im Gegenzug auf Bitcoin schimpft, sieht die Kryptow hrung gegen ber dem Edelmetall deutlich im Hintertreffen.Will you consider adding it to your portfolio? Ricardo Salinas Pliego, Mexico's third-richest man and founder of Grupo Salinas, sees bitcoin as an asset with extraordinary properties, describing the cryptocurrency as gold for the modern world. He recommends bitcoin, thinks that fiat money is a fraud and the idea of the U.S. dollar being a hard currency is a joke.Do your own research and consult with a financial advisor before making any investment decisions.