The Mexican billionaire Ricardo Salinas has renewed its warning about the global Fiat system and has encouraged ordinary people to sell their houses, buy Bitcoin (BTC) and gold, and brace what he calls the collapse of Fiat valutas.
Talking about Robert Breedlove’s “What is money?“Podcast, Salinas said that real estate is not a party for the scarcity and portability of Bitcoin, with the argument that savers need money to protect their wealth.
He said:
“My solution is that you have a house. If you think that is your investment, sells the house and buy Bitcoin. Because you can always make more houses. Bitcoin, you can no longer make.”
Although he acknowledged that possessing a house is useful for life, Salinas said that it is failing as an investment compared to the deflatory property of Bitcoin and boundless custody. He encouraged homeowners to consider taking long -term mortgages to free up capital for Bitcoin instead.
Salinas, chairman of Grupo Salinas and one of the richest Bitcoin holders of Latin -America, framed Fiat -Valuta as a mechanism for governments to steal from citizens through inflation. He also criticized Central Banking as an illusion that enables states to expand indefinitely.
According to him:
“This fiat -thing, which is a direct consequence of the Keynesian economy, must be put to death, you know, like the peak of the vampire with a silver bullet through the heart.”
His last comments reflect his earlier remarks in Kitco News in June, where he warned that the current monetary policy of the government is stimulating global economies in the direction of financial repression and stealth input through inflation.
Salinas has built up its public message around the failures of Fiat money and the risks of inflato policy. He often quotes his experience with life through the hyperinflation of Mexico in the 1980s, when the peso collapsed from 20 to 3,000 per dollar in just six years.
He told Kitco last month:
“Fiat -money is a fraud … it’s scam. It is fake money. And it comes to an end.”
In both interviews, Salinas argued that governments arm inflation and digital currencies to seize the wealth and control of citizens. He said Bitcoin and was the only “hard money” escape routes that are over for savers.
According to Salinas:
“The sooner we are illustrated by Bitcoin, the bigger it gets. This is the start of a new era – and the faster you wake up, the better you will be.”
Salinas, who controls Banco Azteca and TV Azteca, has become one of the loudest Bitcoin proponents of Latin -America. His new book, The Bitcoin Enlightenment, has been released this summer, his beliefs that Bitcoin is not only a monetary breakthrough, but a moral counterweight to reach.
