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- Bonds are a bad way to invest. With a ten-foot pole, I wouldn’t touch a bond. It’s the absolute worst. The best thing that could happen to you is that you receive your $100 back. That’s the best possible outcome.
- Many believe that bitcoin may be used to fight or mitigate inflation in some way since the coronavirus outbreak, but the asset has nonetheless suffered high levels of volatility in the past 12 months, which has gotten in the way of this argument. While bitcoin has recently surged to the mid-$40,000 range, it is still far from its all-time high of about $68,000 per unit reached last November.
- invested 60% in bitcoin and bitcoin equities and 40% in hard-asset stocks such as oil and gas and gold miners. Prior to his appearance at the conference, Pliego, who has a net worth of about $13 billion, posted many bitcoin-related remarks on his Twitter account.
Bitcoin, according to Mexican millionaire Ricardo Salinas Pliego, is the best instrument an investor can have. He recently spoke at the Miami Bitcoin Conference, explaining that bitcoin makes up around 60% of his portfolio, with the balance consisting of serious equities connected to oil, gas, and gold mining industries. He also trashed bonds, calling them a joke that will do nothing to help one’s wealth grow. According to Pliego
Bitcoin According To Ricardo Salinas Pliego Is Indeed The Greatest Financial Instrument
I don’t have any ties at all. I’m currently invested 60% in bitcoin and bitcoin equities and 40% in hard-asset stocks such as oil and gas and gold miners. Prior to his appearance at the conference, Pliego, who has a net worth of about $13 billion, posted many bitcoin-related remarks on his Twitter account. He expressed himself as follows:
Please… do not entrust your future to the government. You and I both know how that goes. Avoid #FIAT money and instead invest in #btc. He has a Twitter following of around one million people. He is currently the third wealthiest person in Mexico, as the owner of the Mexican television network TV Azteca. Pliego went off on another tangent about bonds, this time emphasizing why they are bad investment vehicles:
Throughout COVID, Bitcoins Takes Up A Fresh Look
Bonds are a bad way to invest. With a ten-foot pole, I wouldn’t touch a bond. It’s the absolute worst. The best thing that could happen to you is that you receive your $100 back. That’s the best possible outcome. One of the reasons he believes bonds are a bad investment right now is the high rate of inflation. The Federal Reserve and central banks around the world are selling bonds quickly to get enough steam going so they can raise interest rates. This is due to prices spiking faster than anyone could have predicted.
Bitcoin has taken on a new form as a hedging tool for many people in the last year and a half. They believe the asset has the capacity to maintain one’s wealth stable and strong during economic downturns. Many believe that bitcoin may be used to fight or mitigate inflation in some way since the coronavirus outbreak, but the asset has nonetheless suffered high levels of volatility in the past 12 months, which has gotten in the way of this argument. While bitcoin has recently surged to the mid-$40,000 range, it is still far from its all-time high of about $68,000 per unit reached last November.
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Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
