‘Completely Proper’ To See Bitcoin As The New Gold – Mexico’s Third Richest Man

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

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

Pliego reiterates the advantages of Bitcoin

Pliego, al known as a proponent of Bitcoin, has caught to his perception and fostered South America’s newfound fondness for the biggest cryptocurrency.

“That is proper, Bitcoin is the brand new gold, however an excessive amount of extra transportable, transporting Bitcoin is a lot simpler than having gold bars in your pockets…and I do know I will be attacked by gold lovers,” he responded to a tweet from MicroStrategy CEO, Michael Saylor.

Saylor had linked to a earlier video interview with Pliego wherein he argued that Bitcoin simply beats the US greenback with regards to wealth preservation.

Pliego has professed his admiration for Bitcoin on a number of events and on varied platforms, together with in a dedicated interview with Cointelegraph firstly of the 12 months.

When requested by a Twitter consumer how Mexico may observe El Salvador to make it authorized tender, Pliego however left clean.

“No concept,” he replied.

If CoinTelegraph reportedEl Salvador’s new period of authorized tender BTC will come into impact in September, whereas Paraguay can also be making noises about elevated use.

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

Schiff: Nobody will purchase the $30,000 dip

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

Associated: Bitcoin On Uptrend, But BTC May Never Beat Gold’s $10T Market Cap – Ex-NYSE Head

Peter Schiff, arguably essentially the most vocal gold bug on Twitter, continues to denounce Bitcoin as vastly inferior to the valuable metallic.

“Most Bitcoin consumers who purchased the final dip under $30K won’t purchase the following one,” he mentioned claimed in one in all two tweets on Friday.

“The principle consumers would be the ones who took income on the bounce. Due to this fact, the following dip won’t get pleasure from practically as a lot assist. New consumers will possible present up at $20K, however lower than at $30K.”

Has been a dip to $20,000 and even decrease recognized as a chance by analysts themselves. Nevertheless, this weekend BTC/USD $30,000 saved support after a brand new retest.

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