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Mexico’s Second Richest Man: Buying Bitcoin at $200 his 'best investment ever'

Ricardo Salinas Pliego separates his Bitcoin venture proposition.

Ricardo Salinas Pliego, an executive at combination Grupo Salinas and Mexico's second most extravagant man, has uncovered to Cointelegraph in a meeting that he purchased his first Bitcoin in 2013 when it was worth around $200. That, as indicated by the tycoon, was his "best speculation ever".

Ricardo Salinas Pliego

In the wake of holding it right until its 2017 highs, he sold every one of his situations at $17,000 and got it again later at a less expensive cost.

"We always return to the scene of the crime", he kidded.

Presently Salinas holds around 10% of his fluid portfolio in BTC and doesn't plan to sell any of it any time soon.

"I want to sit around for another five or ten years", he said.

While at first pulled in by Bitcoin as a method for trade, Salinas is presently persuaded that Bitcoin's latent capacity lives in its store of significant worth highlights.

As indicated by Salinas, Bitcoin's properties are especially appealing in Latin American economies where fiat cash is being corrupted and expansion is uncontrolled.

"What's happening in Venezuela, in Argentina where fiat money is collapsing has become a scandal (...) It really opens your eyes to the problem of fiat cash", he said.

Salinas additionally brings up, Bitcoin is the regular aftereffect of the advancement of cash, from physical to computerized.

"Bitcoin is bits and bytes in the ether, but the good thing is that it cannot be debased and it cannot be confiscated that easily", brought up Salinas.

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