Mexican billionaire says bitcoin is better than fiat 

The third richest person in Mexico shared his fully supported stance on Bitcoin and claimed that it is better than fiat. 

In January of this year, Bitcoin completed its 13th birthday and it is moving toward that level where neither any government can ban nor deny its potential to show its stand at the top in the world. In the recent couple of years, Bitcoin grabbed huge attention from the many billionaires of many countries. 

Ricardo Salinas, Businessman & the third biggest richest person in Mexico, Bitcoin is a better form of money than fiat. Ricardo is highly influenced because of the quality of Bitcoin, which enables people to exchange globally anywhere in the world. 

Ricardo noted that interference by the government agencies is a big gold standard situation.

“Everything we have by fiat is completely seizable by the government.”

According to Ricardo, Bitcoin is better for people over sovereign currency because people can easily exchange in the whole world.

The current net worth of Ricardo is $13.1 billion. He founded Grupo Salinas, a company that has hands in media broadcasting, telecommunications, finances, and retail business.

Banco Azteca, a bank owned by Ricardo, also grabbed huge popularity globally because it grabbed the first position to be the first bank in Mexico to accept Bitcoin.

These things are showing how much this billionaire is eager and bullish in the belief of Bitcoin’s future. Earlier, once said that Bitcoin is the best store of value and it is much better than gold because, with this store of value, we can move anywhere in the world, unlike gold.

“Gold is difficult to move around and store. The gold price has been easily manipulated by central banks worldwide.” 

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