Mexican billionaire Salinas says he wants to give his bank clients access to bitcoin, pushing crypto price up

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Mexican billionaire Salinas says he wants to give his bank clients access to bitcoin

Salinas, who is chairman of the bank's parent company, Grupo Salinas, tweeted on Sunday that he thinks bitcoin is a good portfolio diversifier for investors and that he's working with Banco Azteco "to be the first bank in Mexico to accept bitcoin."

Salinas' comments came in response to a tweet by MicroStrategy CEO and bitcoin bull Michael Saylor, who had commented positively on a video of the Mexican businessman circulated on Twitter over the weekend. In it Salinas discusses why he thinks "fiat is a fraud," why he wants to hold bitcoin over the next 30 years and how witnessing hyper-inflation in the 1980s informed his thesis.

Salinas is the third-richest person in Mexico with a net worth of $15.8 billion, according to Forbes. In addition to the bank, his company also has ownership in a number of other retail and broadcasting businesses.

 

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I wonder if any of these clients are involved in the cultivation, manufacture, distribution, and sales of undocumented pharmaceutical goods?

His bank is one of the most shady banks on the country, famous for exploiting the ignorance of poor people. This seems pretty on brand tbh

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Mexican billionaire Salinas says his banking business may embrace bitcoinMexican billionaire Ricardo Salinas Pliego said on Sunday his banking business may begin using bitcoin, becoming the country's first bank to start accepting the cryptocurrency. Salinas, who is ranked as Mexico's third richest man with a family fortune estimated at $15.8 billion by Forbes, is the owner of the large Banco Azteca banking business. Salinas last year said he had about 10% of his liquid portfolio invested in bitcoin. Translation… he bought a bunch of Bitcoin on sale and is now creating profit on his investment. Sanction Mexican banks then. The cartel is going to exclusively use that bank I guarantee it. Because they launder $$$$$ for the cartels 🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️
Source: YahooNews - 🏆 380. / 59 Read more »