Mexican Billionaire Reveals Plans for His Bank To Adopt Bitcoin

Mexico’s third-richest person has revealed that he is a supporter of Bitcoin and that his bank is working on plans to support the flagship crypto asset.

Ricardo Salinas Pliego, the billionaire owner of Grupo Salinas which owns a myriad of different companies, says in a tweet that his bank, Banco Azteca, is looking to be the first in Mexico to support BTC.

Salinas’ statement comes in response to fellow billionaire and Bitcoin bull Michael Saylor, who retweeted a video posted by Morgan Creek Digital co-founder Anthony Pompliano, showing the Mexican business magnate criticizing fiat currency and giving a shoutout to BTC.

Sure, I recommend the use of #Bitcoin, and me and my bank are working to be the first bank in Mexico to accept #Bitcoin, if you need more details or information follow me on my Twitter account .

— Ricardo Salinas Pliego (@RicardoBSalinas) June 27, 2021

Salinas, whose net worth is estimated to be $15.90 billion by Forbes, also replies to another tweet from Saylor, agreeing with his comments about Bitcoin as a tool for wealth preservation.

“That’s totally right. Bitcoin is the new gold, but much more portable. Transporting Bitcoin is so much easier than having gold bars in your pocket… And I know that I’m going to be attacked by gold lovers.”

Salinas’ statements are not necessarily out of the blue. In November, he tweeted that he had 10% of his liquid portfolio invested in Bitcoin.

The Mexican business mogul has not revealed any further details on Banco Azteca’s plans to adopt Bitcoin. At time of writing, BTC is trading at $34,310 according to CoinGecko.

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix