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Following the Russia and Ukraine war which reflected in the Bitcoin price dropping by 5% Ricardo Salinas Pliego had his say.
Ricardo Salinas Pliego is Mexico’s third richest man with a net worth of $12.9 billion – Global Wealth Ranking of 166, and with the Sector focus on Retail Media.
Ricardo Salinas Pliego owns financing company Grupo Elektra and conglomerate Grupo Salinas, which boasts holdings in television, telecommunications, retail, and banking.
Thus, Pliego’s fortunes suffered due to a decrease in consumer spending; however, a stronger Mexican Peso has nonetheless increased his net worth by $1.2 billion in 2020.
Ricardo Salinas Pliego in her tweet stated, “Buy bitcoin, keep buying while the price is still low, and hold the crypto without thinking of selling. Trust me, you’re going to thank me later.”
This tweet is worth noting because this is not the first time Salinas strongly recommended buying bitcoin.
Talking about Bitcoin in the past year he stated “Bitcoin is an asset that has extraordinary properties. All the advantages that Bitcoin has, for me, make it gold for the modern world.”
Several other investors continue to propagate support for Bitcoin.
Michael Saylor: You can Bitcoin now or you can Bitcoin later.
There is regulatory uncertainty looming over crypto currencies, securities, and exchanges. The coming guidelines will create winners & losers, as well as accelerate institutional adoption. The only certain winner across all possible scenarios is Bitcoin.
Wars create inflation, cripple commerce, and make Bitcoin compelling.
Nation state conflicts create uncertainty, constrain production, weaken currency, cripple trade, and undermine credit, making investments in debt & equity riskier and underscoring the benefit of converting treasury assets into pure digital energy.
Dan Held expressed: Bitcoin will always be undervalued because you can’t put a price on freedom. How would you donate gold to Ukraine? “Brb sending gold bricks by horse and buggy over the border.
Bitcoin is already legal tender globally. We don’t need governments to validate that it is money.
CBDCs are not about “innovation.” They’re about exercising absolute control over a population.
Community Reaction: My Ukrainian credit cards don’t work anymore. I’m safe physically in Kazakhstan, but all my savings are gone. Crypto is the only money I still have, and today I can say without exaggeration that BTC, ETH, and NFT are going to save my life while I can’t come back home.
In these moments, people realize Bitcoin’s utility. It’s a tool for resisting oppressors.
