Home
News
- Salinas and Banco Azteca have been working to build a bank that accepts bitcoin.
- Salinas’ wealth has appreciated by a total of $2.8 billion and currently evaluates to $15.8 billion.
- Bitcoin can very easily beat the US fiat currency in terms of wealth preservation.
Mexico’s third richest man, Ricardo Salinas Pliego has revealed his plan to open the very first bank in Mexico that accepts bitcoin. Salinas has been a great bitcoin suporter as he continues to influence as well as bolster crypto growth in North America. Salinas expressed his support on bitcoin as an investment over fiat currencies and gold. He previously revealed that 10% of his liquid portfolio is dedicated to bitcoin. Paper or fiat money means nothing, hence it becomes very necessary to diversify the investment portfolio with digital assets like BTC.
Salinas’ Local Bank has a Revenue of $2.54 Billion
In a tweet, Salinas while approving BTC revealed that he along with his bank, Banco Azteca, have been working to build a bank that accepts bitcoin. For further details and announcements, he asked people to follow him on Twitter. Salinas is the founder and chairman of Grupo Salinas, a television firm. He is also the founder and chairman of Azteca, a radio network TV company. Salinas’ local bank Banco Azteca, has an annual revenue of $2.54 billion in 2020, has branches all over Mexico, Panama, Guatemala, Honduras, and Peru. As per the Bloomberg Billionaires Index, Salinas’ wealth has appreciated by a total of $2.8 billion and currently evaluates to $15.8 billion.
Salinas Testifies Bitcoin, Calls it Faster, Portable and More Convenient
In a recent tweet Salinas, expressed his support for bitcoin as an investment rather than fiat currencies and gold. Michael Saylor, the CEO of MicroStrategy tweeted that if the users are hoping to preserve wealth for a generation, then as Salinas suggests they must invest in bitcoin. Saylor adds that the strategy is quite simple – finding the highest quality asset and continuing to use them. To this Salinas replied, indeed bitcoin is the new gold but only much more portable, convenient and safer. He validates his stance by saying that having bitcoin is much easier and safer than having gold bars in pocket.
Salinas thinks that bitcoin can very easily beat the US fiat currency in terms of wealth preservation. Back in 2020, Kraken became the first cryptocurrency exchange to receive green-light from the crypto-friendly state of Wyoming and started operations as a bank. Shortly, Wyoming State Banking granted a banking charter to the financial institution, Avanti to carry on their crypto businesses.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
