Bitcoin is packed with qualities

In November, billionaire Ricardo Salinas Pliego revealed that he had no less than 10% of his cash portfolio in Bitcoin. Today, he tells us that he intends to HODLER his BTCs for quite some time, as it is one of the best investments for him.

A universal means of payment, but not that

Ricardo Salinas Pliego is the second richest man in Mexico. He is the founder of Grupo Salinas, which covers a wide range of sectors, from telecoms to media and financial services.

In an interview with the crypto-media company Cointelegraph, he discusses his investment in Crypto Profit and explains the reasons for his choice.

First of all, we learn that his interest in the king of cryptos is not new. The billionaire explains having bought his first Bitcoin in 2013, for the modest sum of 200 dollars at the time. He was thus one of the very first investors in what is today the famous Grayscale investment fund, created that year.

What attracted the businessman to Bitcoin at that time was that digital assets could be „traded freely around the world“.

After accumulating several units of what he calls his „best investment,“ Ricardo Pliego sold his Bitcoins in the previous bull market of 2017, when the price of BTC reached $17,000.

A „precious“ store of value

The billionaire has since bought back bitcoins in greater numbers and at lower prices, and plans to keep them for a while longer:

„I want to sit on it [my BTCs] for another 5 or 10 years. »

And Ricardo Pliego has another good reason for this, because in addition to facilitating and speeding up payments around the world, the billionaire understood that Bitcoin was a „truly valuable reserve of value“ in the face of the inflation of state currencies :

„What is happening in Venezuela, Argentina, where fiat money is collapsing, has become a scandal. The way you see those wheelbarrows of Venezuelan banknotes being thrown into the dumpsters. It really opens your eyes to the problem of fiat money. »

The last undeniable Bitcoin bonus cited by the rich businessman: the king of cryptos cannot be „confiscated as easily“ as fiat coins.

So many good arguments that made Ricardo Salinas Pliego a convinced HODLer of Bitcoin. Indeed, the latter seems to completely consider Satoshi Nakamoto’s invention as a perfect way to protect himself from governments and their inconsiderate acts in the field of monetary printing.