Mexican billionaire Ricardo Salinas has once again issued a stark warning about the global fiat money system, urging ordinary people to take action to protect their wealth. In a recent appearance on Robert Breedlove’s “What is Money?” podcast, Salinas advised individuals to sell their homes and invest in Bitcoin (BTC) and gold in preparation for what he believes is the impending collapse of fiat currencies.
Salinas emphasized the superiority of Bitcoin over real estate, citing the cryptocurrency’s scarcity and portability as key factors that make it a more attractive investment option. While acknowledging the practicality of owning a home for living purposes, he suggested that selling the property to acquire Bitcoin could offer better protection against inflation and government manipulation of fiat currencies. Salinas even went as far as recommending taking out long-term mortgages to free up capital for investing in Bitcoin.
As the chairman of Grupo Salinas and a prominent Bitcoin advocate in Latin America, Salinas has been vocal about his distrust of fiat currency and central banking policies. He views fiat money as a tool for governments to exploit citizens through inflation and criticized the illusion of central banking that allows states to perpetuate endless economic expansion.
Drawing from his own experience of living through hyperinflation in Mexico during the 1980s, Salinas has been warning about the dangers of current monetary policies leading to financial repression and wealth confiscation through inflation. He maintains that Bitcoin and gold are the only reliable forms of “hard money” that can safeguard individuals’ wealth in the face of government intervention.
Salinas’ advocacy for Bitcoin has been reinforced in his latest book, “The Bitcoin Enlightenment,” where he argues that the cryptocurrency not only represents a monetary revolution but also serves as a moral bulwark against overreaching state control. He urges individuals to educate themselves about the potential of Bitcoin and embrace it as a means of securing their financial future.
In conclusion, Salinas’ message underscores the urgency for individuals to diversify their assets and protect themselves from the risks posed by fiat currencies and inflation. By advocating for Bitcoin and gold as alternative stores of value, he is encouraging people to take control of their financial destinies and safeguard their wealth in an ever-changing economic landscape.