Mexican billionaire says ‘buy Bitcoin’ in new year message

Mexico’s third richest person sent a warm new year message to Bitcoin (BTC), enthusiasts on Christmas Eve. Ricardo Salinas Pliego suggested that people move away from fiat money to buy bitcoin in a festive video of two minutes.

As part of his Christmas message and New Year message, he gives three pieces advice to his Twitter followers of 957,200. He then asks his followers to share and retweet the following:

Avoid fiat money. It doesn’t matter if it’s the Euro, the Dollar or the Yen – it’s all the the same. It is fake money made from lies. “Central banks are now producing more money than ever before.”

Before pointing at the camera, he pauses and says “Invest in Bitcoin!”

Standing in front of a Christmas tree with a golden ornament, Salinas gave his followers two other “presents” of advice: to let go and believe in yourself, especially when you are pursuing freedom or innovation.

It is not surprising that Salinas discourages BTC investing. His Twitter bio, which he has been a prominent Bitcoin advocate since 2013, simply describes him as a “Mexican businessman” and “Bitcoin holder.”

Salinas wants to make Banco Azteca, Mexico’s second largest retail bank, the first lender to do business with Bitcoin. Grupo Salinas was disappointed that Salinas (chairman of the bank’s parent firm), was not able to make it into BTC.

Mexico’s central bank declared that bitcoin and other cryptocurrencies are not legal tender, and they are therefore prohibited from being used in the country’s banking system. Alejandro Diaz de Leon (the governor of Mexico’s Bank of Mexico) dismissed Bitcoin as a reliable legal currency in September 2018, citing price volatility to be a major obstacle to full adoption.

Related: It’s ‘absolutely right’ to consider Bitcoin the new gold — Mexico’s third richest man

It is unlikely that it will deter Salinas. Since the summer, he has been orange-pilling Mexico’s 128 million inhabitants. In a January interview with Cointelegraph, he also shared his conviction for BTC being a non-confiscatable assets.

He also stated that he bought Bitcoin at $500 through Grayscale in 2013. By 2018, it had been one of his best investments. He also tweeted his support for Bitcoin remittances. This taps into a potential $40 Billion market for Mexicans sending trans-border payments to the United States.