Cryptocurrency

Bitcoin

<div class="finbold"> 
 <p class="paragraph">As the cryptocurrency industry matures, more people are jumping on the bandwagon, including multi-<a rel="dofollow" title="billionaire" href="https://thebittimes.com/tag/billionaire.html">billionaire</a>s such as Ricardo Salinas Pliego, who has recently shared that he only had investments in Bitcoin (BTC), business intelligence platform MicroStrategy, several Bitcoin mining companies, oil enterprises, and gold miners.</p> 
 <div></div>
 <p class="paragraph">Specifically, the Mexican <a rel="dofollow" title="billionaire" href="https://thebittimes.com/tag/billionaire.html">billionaire</a> and founder of the Grupo Salinas corporate conglomerate of several Mexican companies opened up about his investment portfolio and interest in Bitcoin, giving the most credit to Saifedean Ammous and his book <em>‘The Bitcoin Standard,’</em>&nbsp; in a podcast interview with Natalie Brunell streamed on September 7.</p> 
 <h2 class="wp-block-heading" id="h-on-the-bitcoin-standard">On <em>‘The Bitcoin Standard’</em></h2> 
 <p class="paragraph">According to Salinas’s detailed account, Ammous’s book gave him a good introduction and clear breakdown of money, as well as the advantages of the flagship decentralized finance (DeFi) asset over traditional finance, including the lack of room for manipulation or any kind of abuse by the authorities or financial institutions. As he explained:</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“I have to give credit to my friend Saifedean Ammous because of his book, ‘<em>The Bitcoin Standard</em>.’ He really spelled it out. What he did was put together in one small book all the things about Bitcoin, the history of money, how it evolved, and how it’s been abused by the government, and now how this thing cannot be abused, it’s a Bible.”</p> 
 </blockquote> 
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8"> 
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto"> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/13/8d2d1717a5cb35ba7c15575efd57a037.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-price-forecast-for-september-october-2023"> Bitcoin price forecast for September-October 2023 </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/13/8e76a0446c65801750056eada700e601.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="this-us-cpi-pegged-token-outperforms-bitcoin-as-an-inflation-hedge"> This US CPI-pegged token outperforms Bitcoin as an inflation hedge </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/13/5a12497bd29d4b5f4b54a95e1b026559.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="top-5-builders-cryptocurrencies-with-the-highest-github-scores"> Top 5 builders: Cryptocurrencies with the highest GitHub scores </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/13/4af50e31e0c7c7131be56fbea6d60170.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="expert-hints-bitcoin-sideways-trading-is-preparation-for-huge-post-halving-pump"> Expert hints Bitcoin sideways trading is preparation for huge post-halving pump </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/13/876048c6fba7cd4082621f554edddaed.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-rally-around-the-corner-as-btc-dominance-about-to-break-out"> Bitcoin rally ‘around the corner’ as BTC dominance about to break out </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment"> 
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
  </div> 
 </div> 
 <p class="paragraph">As a reminder, Ammous’s book provides an in-depth <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of the historical context that has facilitated the birth and rise of Bitcoin as an alternative to traditional money, as well as its economic, social, and political effects, and Salinas has been a fan for a while, even recommending it on his social media channels, next to Sun Tzu’s <em>‘The Art of War’</em> and Ayn Rand’s ‘La rebelión de Atlas’ (eng. ‘Atlas Shrugged’):</p> 
 <figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">The Bitcoin Standard, Saifedean Ammous</p>— Don Ricardo Salinas Pliego (@RicardoBSalinas) August 15, 2021
   </blockquote> 
  </div>
 </figure> 
 <p class="paragraph">Meanwhile, Salinas’s favorite cryptocurrency was at press time changing hands at the price of $25,936, recording a 0.57% increase in the last 24 hours and gaining 0.74% across the previous seven days while still recording losses of 11.79% on its monthly chart, as per the data retrieved on September 13.</p> 
 <p class="paragraph"><strong>Watch the entire video below:</strong></p> 
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper"> <iframe loading="lazy" title="Ricardo Salinas: Mexican Billionaire on Bitcoin, Building Wealth, Capitalism and Legacy" width="500" height="281" src="https://www.youtube.com/embed/gPOWvwX7B4s?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
  </div>
 </figure> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
 <p class="paragraph"> </p>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/mexican-multi-billionaire-reveals-why-he-s-all-in-on-bitcoin-tbt62627.html">https://thebittimes.com/mexican-multi-billionaire-reveals-why-he-s-all-in-on-bitcoin-tbt62627.html</a></p>

Mexican multi-billionaire reveals why he’s all-in on Bitcoin

Table of Contents

TheBitTimes

Other articles published on Sep 13, 2023

Movement Labs raises $3.4 million in pre-seed fund to launch SDK

Pro-XRP Lawyer John Deaton’s Take on the SEC vs. Coinbase

Crypto Daily Roundup: Bitcoin's chart exhibits a Death Cross pattern

Shido Explorer Upgrade - Testnet Launching

Enormous Amount of Ethereum (ETH) Rapidly Leaving Exchanges

Opera Adds Non-Custodial Stablecoin Wallet to Its Mobile Browser

Join our free newsletter for daily crypto updates!