Ricardo Salinas Pliego, the third richest man in Mexico, in a recent interview Bitcoin comparing with gold and fiat money of bitcoin He said it’s a better option than either.
The famous billionaire, who also advised investors to stay away from fiat currencies and invest in Bitcoin in his previous interviews, said that Bitcoin is against cyber attacks. gold and argued that it is more secure and instantly transferable worldwide than fiat money.
Bitcoin is Safer in Every Way!
Stating that Bitcoin is closed to the intervention of governments due to its nature, Salinas underlined that it is very difficult for governments to ban and control Bitcoin as a result.
“Gold and fiat currencies have always been subject to government intervention and everything we own can be 100% confiscated by the government.
However, the decentralization of Bitcoin and its limited supply of 21 million allow Bitcoin holders to protect their wealth in the longer term than is possible with fiat currencies or even gold.
In this context, it is not in the government’s interest to make it easier for people to use Bitcoin compared to gold or fiat money.”
Noting that gold and fiat money are difficult to transport and store, the Mexican billionaire stated that although the price of gold can be easily manipulated by central banks, Bitcoin is more difficult to manipulate than gold.
“Bitcoin is a better asset as you can sell it more easily compared to other assets and basically move and store it for free.”
Emphasizing that they are the first to accept Bitcoin in their stores, Salinas added that their companies will soon add support for receiving transactions through the Lightning Network, Bitcoin’s layer 2 scaling solution for cheaper and faster payments.
Stating that he has been investing in Bitcoin for years, Ricardo Slinas said in his previous speeches that Bitcoin should definitely be in every investor’s portfolio.
*Investment advice