Mexican Billionaire Outlines 4 Key Reasons to Buy Bitcoin — Says 'You Have to Kn

[sirty143]

Mexican Billionaire Outlines 4 Key Reasons to Buy Bitcoin — Says 'You Have to Know How to Invest'

Mexican billionaire Ricardo Salinas has outlined four key reasons why investors should buy bitcoin, including long-term growth potential, diversification, and protection against inflation and currency devaluation. Moreover, he advised... See more for yourself here.

Your opinion is greatly appreciated.

[TomPluz]

Mexican billionaire Ricardo Salinas has outlined four key reasons why investors should buy bitcoin, including long-term growth potential, diversification, and protection against inflation and currency devaluation. Your opinion is greatly appreciated.

Coming from a certified billionaire figure like this famous Mexican man, his words of wisdom on Bitcoin must be taken with a lot of positive weight by people who are still adamant with their negative view on Bitcoin. But who is this man and why we whould be listening to him? A good question, right? In a brief, Ricardo Benjamín Salinas Pliego (born 19 October 1955) is a Mexican businessman, founder and chairman of Grupo Salinas, a corporate conglomerate with interests in telecommunications, media, financial services, and retail. An outspoken supporter of minarchism and neoliberalism, he is the third richest person in Mexico and the 172nd richest person in the world with an estimated net worth of US$13.6 billion in February 2021. Of course, people who are already into cryptocurrency, can in fact enumerate many others reasons aside from four on why they and their fellow-minded peers are into Bitcoin. Maybe the only thing that hinders them from getting more BTC is the availability of funds to do so...and which is so true with me. I am hoping one day when I will be visiting Mexico, I can meet this man and ask him some loans so I can buy more Bitcoin for my future.

[trendcoin]

...
Mexican billionaire Ricardo Salinas has outlined four key reasons why investors should buy bitcoin, including long-term growth potential, diversification, and protection against inflation and currency devaluation. Moreover, he advised... See more for yourself here.

Your opinion is greatly appreciated.

The reasons given by the billionaire businessman are very valid. As hedging against inflation has become one of the most important targets of our time, I do not doubt that Bitcoin and cryptocurrencies will shine even brighter. However, I would like to make some contributions to the billionaire businessman. Cryptocurrencies allow us to transfer money securely without the need for third parties. In other words, it is economic independence. It has no borders and it is limited...

[Z-tight]

His ideas are not wrong, if you can safely store your coins and hold it for the long term, the chances of being profitable is very high, BTC price appreciates in the long run, so anyone buying it as an investment must be patient. Short term investors and weak hands usually have a problem because of lack of patience, take note that BTC is not a get rich quick scheme, so you can't buy it today and expect returns tomorrow.

[Don Pedro Dinero]

Well, I don't have to be convinced because I'm already convinced, I mean I've been doing it for a while. Obviously with much less capital than this gentleman.

The reasons he gives for buying are economic from a traditional point of view and he does not mention for example that bitcoin is very difficult to confiscate and censor, but one interesting thing he says is that for someone buying bitcoin for the first time now they should do so with a time horizon of 10 years, which fits with what I think, that approximately the horizon for someone buying bitcoin for the first time should be a couple of cycles (8 years). In any case, buying following the trend to sell depending on whether you think it is going to go up or down is playing with fire.

[robelneo]

Mexican Billionaire Outlines 4 Key Reasons to Buy Bitcoin — Says 'You Have to Know How to Invest'

Mexican billionaire Ricardo Salinas has outlined four key reasons why investors should buy bitcoin, including long-term growth potential, diversification, and protection against inflation and currency devaluation. Moreover, he advised... See more for yourself here.

Your opinion is greatly appreciated.

I would like to add this quote coming from Salinas While

Recommending bitcoin, he cautioned investors that the crypto has its risks, including volatility in the short term and regulatory uncertainties.

There are a lot of benefits to investing in Bitcoin for the long term and we have proven that now, the price is moving up but still, we have to understand that we should only invest what we can afford to lose there are still risks caused by volatility regulatory uncertainties that have been hounded Bitcoin ever since.
The price looks good now for those who invested when the market is in a bear trend this is a testimony of Salinas statement.

[Crwth]

I like the liquidity concept just because it has a factor in the investments that I do. Depending on the amount I need, I am thankful that I could use my assets to fund myself if necessary. All the points that he has are valid and I believe that you need proper training in terms of the techy side of BTC. Not everybody sees it and understands it the same way as someone who is techy.

He is probably hyping up BTC as well for acceptance but it's not because of BTC in which he made himself billions, right?

[Don Pedro Dinero]

He is probably hyping up BTC as well for acceptance but it's not because of BTC in which he made himself billions, right?

No, it doesn't. On the one hand, if he had become rich thanks to bitcoin, he would be someone known in the community, like the Winklevoss brothers, and on the other hand, if we look at information about his net worth, we can see that:

Through Grupo Salinas, Salinas Pliego has established and grown various companies, including Elektra, TV Azteca, Banco Azteca, and Grupo Lusacell. These companies have played a significant role in his accumulation of wealth and have solidified his position as a prominent figure in the business world.

Furthermore, the fact that he says bitcoin is good for diversification also indicates that he is someone who made his fortune previously and now the diversification he preaches.

[Crwth]

He is probably hyping up BTC as well for acceptance but it's not because of BTC in which he made himself billions, right?

No, it doesn't. On the one hand, if he had become rich thanks to bitcoin, he would be someone known in the community, like the Winklevoss brothers, and on the other hand, if we look at information about his net worth, we can see that:

Through Grupo Salinas, Salinas Pliego has established and grown various companies, including Elektra, TV Azteca, Banco Azteca, and Grupo Lusacell. These companies have played a significant role in his accumulation of wealth and have solidified his position as a prominent figure in the business world.

Furthermore, the fact that he says bitcoin is good for diversification also indicates that he is someone who made his fortune previously and now the diversification he preaches.

Thanks for clarifying, at least we have some billionaires that invest their money and believes in the power of BTC for diversification and to hedge against the inflation that probably the fiat has. We all know BTC can save us with that and probably earn more money.

[Z-tight]

and he does not mention for example that bitcoin is very difficult to confiscate and censor,

This is true, but it is worth mentioning that it is only when BTC is in your self custody that it cannot be confiscated, neither can it be censored. Some newbies might think that their BTC's cannot be confiscated even if it is in an exchange wallet, which is so wrong.

[Uruhara]

The 4 reasons revealed by the Mexican billionaire are actually quite general reasons which are also a guide for those of us who have invested in Bitcoin. And of course we invest because we see potential. And yeah because investing in bitcoin is also much easier than investing in anything else. Continuing to diversify is also one of the many reasons people put their money into bitcoin investments. Because we have to invest not only in physical assets but we also have to invest digitally in digital assets.

[bitbit97]

First of all I would stress on that we should not look up to billionaires. They live completely different life than many people. They have completely different vision on things. We should aim to become like them, but our methods should be different. Where they make one step, we need a 100m to pass, or even make it as a dash. Regarding what he has said - pretty much obvious things. Save, invest, spend, learn, diversify, search for easy option. What can I say - pretty much default motivational text. We all know well that for long time ago.

[LogitechMouse]

~including long-term growth potential, diversification, and protection against inflation and currency devaluation.
~
Your opinion is greatly appreciated.

Well, for us who have been in the crypto space for quite some time, we've heard these reasons many times already.
On the other hand, I believe that there are newbies who might change their minds after reading this article and think of buying some Bitcoins.

I mean I don't see any wrong with his advice. Bitcoin is a good long-term asset to hold (history can say it all), and at the same time, it diversifies our portfolio even more, and instead of just focusing on buying some Stocks on the stock market, or real estate, or bonds that has low interest, it opens up to another type of asset where we can invest our money with. As for inflation, I guess there's no need for an explanation for that because we know already that it has been a great protection against inflation. Instead of just storing our fiat currency, just invest it into different assets like cryptocurrency.

All of a sudden, we're seeing famous businessmen and billionaires talking about cryptocurrency. Hmmm, I expect more in the upcoming months to come.

[yhiaali3]

For Mexican billionaire Ricardo Salinas, these four reasons that he identified as advice for investing in Bitcoin express his point of view as a billionaire and a major businessman. These reasons are sufficient to make any businessman want to invest in any project and consider it profitable.

But for me and for many who believe in Bitcoin, we have a different point of view and a different way of looking at Bitcoin. We do not look at Bitcoin as the Mexican billionaire views it, as only a profitable investment, but rather we look at it as an integrated financial system, an alternative to the current corrupt system, a decentralized system that preserves privacy and gives "Financial freedom" and this is much more important than just being a profitable investment.

[Uruhara]

For Mexican billionaire Ricardo Salinas, these four reasons that he identified as advice for investing in Bitcoin express his point of view as a billionaire and a major businessman. These reasons are sufficient to make any businessman want to invest in any project and consider it profitable.

But for me and for many who believe in Bitcoin, we have a different point of view and a different way of looking at Bitcoin. We do not look at Bitcoin as the Mexican billionaire views it, as only a profitable investment, but rather we look at it as an integrated financial system, an alternative to the current corrupt system, a decentralized system that preserves privacy and gives "Financial freedom" and this is much more important than just being a profitable investment.

Sometimes an entrepreneur's point of view is always only looking at the profit side. But that doesn't mean they also don't see the usefulness of the field they are in. In fact, without even expressing it, those who invest in bitcoin also realize that the decentralised system will one day attract more people and from that point of view, investors see that there will be a surge in prices in the future.

But for those of us who also interact quite often in bitcoin transactions then well we must have additional reasons for entering bitcoin investment. One of them is a decentralised system that does not exist in a centralised banking system. And bitcoin allows us to transact without limits to all regions wherever we are as long as there is an internet connection or network that connects. Unlike the Bank which has a shipping limit for every transaction between countries.