One of the wealthiest men in Mexico, Ricardo Salinas Pliego has just revealed that he had invested 10% of his liquid portfolio in Bitcoin (BTC). The Mexican billionaire believes that cash is “worth nothing,” as he posted a video showing banks throwing out paper money.
He explained in his post that “paper money is worth nothing, and that “it is always good to diversify our investment portfolio.” In the video, Venezuelan bolivars have been thrown out, as the country has been infamous for its escalating inflation crisis.
Pliego also tweeted and recommended the book “The Bitcoin Pattern,” explaining that Bitcoin could project citizens from “government expropriation.” He then revealed that 10 percent of his liquid portfolio is now in Bitcoin (BTC). According to a translated version of the tweet, he said:
“Today I recommend THE BITCOIN PATTERN, this book is the best and most important to understand #Bitcoin. Bitcoin protects the citizen from government…