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‘Absolutely right’ to think of Bitcoin as the new gold — Mexico’s 3rd richest man



Bitcoin (BTC) is definitively the “new gold” for the third richest man in Mexico, Ricardo Salinas Pliego.

In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an funding moderately than fiat currencies or gold. 

Pliego reiterates Bitcoin advantages

Pliego, already well-known as a Bitcoin proponent, has caught by his conviction, furthering South America’s newfound penchant for the largest cryptocurrency.

“That’s completely proper, Bitcoin is the new gold, however an excessive amount of extra transportable, transport Bitcoin is a lot simpler than having your in pockets gold bars … and i do know that I’m going to be attacked by gold lovers,” he responded to a tweet by MicroStrategy CEO, Michael Saylor.

Saylor had linked to a earlier video interview with Pliego through which he argued that Bitcoin simply beats the U.S. greenback when it comes to wealth preservation.

Pliego has professed his admiration for Bitcoin on a number of events and numerous platforms, together with in a devoted interview with Cointelegraph at the begin of the 12 months.

When requested by a Twitter consumer how Mexico might observe El Salvador in making it authorized tender, Pliego nonetheless drew a clean.

“No concept,” he replied.

As Cointelegraph reported, El Salvador’s new period of authorized tender BTC comes into drive in September, whereas Paraguay can be making noises about elevated use.

XAU/BTC 1-day candle chart. Supply: TradingView

Schiff: Nobody will purchase the $30,000 dip

In the meantime, the debate concerning Bitcoin versus gold stays alive and kicking.

Associated: Bitcoin in uptrend however BTC might by no means beat gold’s $10T market cap — ex-NYSE head

Peter Schiff, arguably the most vocal gold bug on Twitter, continues to denounce Bitcoin as vastly inferior to the treasured steel. 

“Most of the Bitcoin consumers who purchased the final dip under $30K won’t purchase the subsequent,” he claimed in a single of two tweets on Friday.

“The primary consumers will probably be those that took income on the bounce. Subsequently the subsequent dip won’t get pleasure from almost as a lot help. New consumers will possible present up at $20K, however fewer than did at $30K.”

A dip to $20,000 and even decrease has been acknowledged as a chance by analysts themselves. This weekend, nonetheless, BTC/USD preserved $30,000 help after a recent retest.

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