Doubling down on the volatility, bitcoin has become what Ricardo Salinas Pliego, Mexico's third richest man and founder of Grupo Salinas, calls "the new gold." This morning, he also tweeted that the bank he founded, Banco Azteca, aims to be the first in the country to accept bitcoin.

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Who is Salinas?

According to Forbes, Salinas has a net worth of $15.8 billion, which makes him the third richest person in Mexico and the 166th richest person in the world.

The founder and chairman of retail and media group Grupo Salinas, Salinas makes most of his wealth from his stake in home appliance retailer Grupo Elektra, which uses Banco Azteca to make loans to Mexicans. He also runs TV Azteca, Mexico's second largest television broadcaster.

On Sunday, the billionaire confirmed that 10 percent of his portfolio is in BTC and sees bitcoin as an asset with extraordinary properties, describing the cryptocurrency as "a key asset in the modern world." of gold".

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Salinas insists on Bitcoin's 'extraordinary properties'

"That's right, Bitcoin is the new gold, more portable. You can't take gold coins to the store to buy a computer. You have to exchange gold for fiat currency and buy a computer." He answered MicroStrategy CEO Michael Saylor in the affirmative tweets.

The billionaire cited Bitcoin's many advantages, including divisibility, ease of transfer, and simplicity of storage without counterparty risk.

So he said: For me, Bitcoin is an asset with extraordinary properties... For me, all the advantages of Bitcoin make it the gold of the modern world.

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Looking forward to macro drivers

Whenever the market fluctuates, the sharing of evangelists is very precious. Mexican billionaire Salinas, a die-hard fan of Bitcoin, expressed his investment in Bitcoin in November last year, and now he is preparing to establish the first bank to accept Bitcoin in Mexico. A series of actions have been obtained by Reuters, Bloomberg, Forbes, etc. The global media rushed to report and became a Bitcoin and blockchain evangelist in Latin America.

The torrent of the times is rolling forward, and evangelists in other regions and fields are also actively promoting the development of the encryption industry. Blockchain technology can connect entities in series, and the value of blockchain tokens can revitalize entities. Yihuowang is aiming at this.

Risk Warning: The above content is for reference only and does not constitute investment advice!

Risk Warning: The above content is for reference only and does not constitute investment advice!