“Sell your home and buy Bitcoin,” recommends Mexican millionaire Salinas Pliego

Ricardo Salinas Pliego, one of the most wealthy entrepreneurs in Latin America, made a recommendation during an interview on Friday: “Sell your home and buy Bitcoin.”

«If you have a house, do you think that is your investment? Sell ​​the house and buy bitcoin; Or retain the house, take out a mortgage, buy bitcoin and then use that bitcoin to cover your expense needs as they arise, ”he said.

For the Mexican tycoon, Bitcoin (BTC) represents the only effective way to protect from impoverishment caused by inflation and the manipulation of Fíat money by governments.

He deepened about it: «For most people, savings take the form of a house. And it is not a bad savings (…), but compared to Bitcoin, it has no chance. Because more houses can always be built, but Bitcoin cannot be done more ».

Salinas warned that those who maintain their wealth in traditional assets, such as long -term bonds or real estate properties, are condemned to see how their purchasing power disintegrates. “Your profits will be sprayed, unless they have Bitcoin,” he explained.

It should be remembered that Fíat money, issued and controlled by governments, loses value due to inflation and uncontrolled emission. In contrast, BTC offers an alternative because it has a limited offer of 21 million units, which prevents its arbitrary devaluation.

In addition, being a decentralized asset, the creation of Satoshi Nakamoto is not subject to the manipulation of monetary authorities or political influences.

In this way, Salinas summarized his position with a blunt phrase: “Inflation is a tax that nobody recognizes, and is 100% responsibility of the State.”

Thus, the businessman made a hard review of the current financial system, which he described as “a fraudulent structure” driven by a Keynesian vision, which gives the State an almost divine power.

«Governments can print all the money they need without assuming real costs, and that printed money is used to steal. Then, prices distorted by inflation are used to manipulate victims and make them believe that inflation is positive. Fíat money is a direct consequence of the Keynesian economy and must be defeated. That inflation also finances propaganda, false news and wars. “

Ricardo Salinas Pliego, entrepreneur.

Remembering his personal experience during Mexico’s economic crisis in the 80s, Salinas said he lived in his own flesh the devastating effects of inflation. “In 1981 the dollar cost 20 pesos, six years later was 3,000 …”, he said.

For the business specialist, Bitcoin is not only a financial refuge, but also a personal emancipation tool. He believes that the State is violent and parasitic, and that BTC can empower the individual to assume control of his own destiny.

Salinas concluded his message urging citizens to educate themselves, to assume responsibility for their decisions and to leave behind the illusion of security offered by the current system. “You have to get out of the Matrix,” he added, referring to the famous film metaphor.

Similarly, he released a criticism of savers who trust traditional mechanisms to preserve their heritage. «I do not understand how someone can give money to the United States government at 30 years with a fixed rate. It is the worst financial mistake that someone can commit, ”he clarified.

As Cryptonotics reported, this same critical vision extends to the real estate market, another of the traditional forms of investment that Salinas questions firmly.

Although many consider real estate a stable source of passive income, The Mexican argues that neither buying properties to rent or acquire a house to live represents a profitable strategyfor its growing offer and that of the money Fíat.

«Use a house to live; Now, if you want it as an investment, that is already different, ”says the billionaire inviting Bitcoin to opt for that purpose, for its fixed offer.

Beyond the statements of Salinas Pliego and the bullish projections that are around for Bitcoin in the long term, it is crucial to consider that There is no guarantee of your risesince as all active its price depends on the supply and demand. In addition, it has high short -term price volatility.

In this sense, it is key to provide its risks before operating with Bitcoin, as well as with any asset, as well as not assigning more money than one is willing to lose, to avoid unwanted scenarios.