One of the richest people in Mexico and founder of the Grupo Salinas group of companies, Ricardo Salinas Pliego, explained why the first cryptocurrency is a good investment.
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Imagine you just received your first paycheck after graduating from college. You have several options on how to spend or invest that money, you could:
1. Spend it now on any nonsense.
2. Save it in a traditional bank like @BancoAzteca.
3. Learn to… pic.twitter.com/scVAryCEcH— Don Ricardo Salinas Pliego (@RicardoBSalinas) February 13, 2024
“However, like any investment, Bitcoin has its risks. In the short term, its value may be extremely volatile. Since it is a relatively new asset, it faces regulatory and market uncertainties. The safety of your crypto investments depends on the precautions you take,” he wrote.
According to Salinas Pliego, investing in the first cryptocurrency can be “an exciting and potentially lucrative way to start building a diversified portfolio.”
“But it’s important to do this carefully and as part of a balanced financial strategy, taking into account both your long-term goals and your risk tolerance. Never invest the funds you need to live,” he added.
In another publication, the billionaire noted that in investing it is important to be patient, not to be scared when it falls and buy, and not to be happy when it rises and sell.
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That’s why you have to know how to invest and be patient, not get scared when it goes down and buy, and not get excited when it goes up and sell.
One of the many obstacles to becoming a millionaire is that many times people simply do not pay attention to what is happening in their lives… pic.twitter.com/MSEwJLkQhu
— Don Ricardo Salinas Pliego (@RicardoBSalinas) February 12, 2024
In October 2023, Salinas Pliego called the first cryptocurrency a reliable hedge against inflation, since the government cannot devalue it.
At the time of writing, the billionaire ranks 132nd in the ranking Bloomberg Billionaires Index with a capital of $14.2 billion. In November 2020, he announced that he had invested 10% of his funds in Bitcoin.
Let us recall that in February 2022, Salinas Pliego announced the superiority of the first cryptocurrency over fiat. In April, he revealed that 60% of his investment portfolio was in digital gold.
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2024-02-17 09:28:14
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