'Absolutely right' to think of Bitcoin as the new gold — Mexico's 3rd richest man
'Absolutely correct' to recall of Bitcoin every bit the new gold — United mexican states's 3rd richest man
Ricardo Salinas Pliego doubles down on BTC yet again as gold and the U.S. dollar come in for serious criticism.
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Bitcoin (BTC) is definitively the "new gold" for the third richest homo in United mexican states, Ricardo Salinas Pliego.
In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin equally an investment rather than fiat currencies or gold.
Pliego reiterates Bitcoin benefits
Pliego, already well known as a Bitcoin proponent, has stuck by his conviction, furthering Southward America'southward newfound penchant for the largest cryptocurrency.
"That's totally correct, Bitcoin is the new gilded, but too much more portable, transport Bitcoin is so much easier than having your in pockets gold bars … and i know that I'm going to exist attacked by gold lovers," he responded to a tweet by MicroStrategy CEO, Michael Saylor.
Saylor had linked to a previous video interview with Pliego in which he argued that Bitcoin easily beats the U.S. dollar when it comes to wealth preservation.
Pliego has professed his adoration for Bitcoin on multiple occasions and various platforms, including in a dedicated interview with Cointelegraph at the get-go of the year.
When asked by a Twitter user how Mexico could follow El Salvador in making it legal tender, Pliego still drew a blank.
"No idea," he replied.
Equally Cointelegraph reported, El salvador'south new era of legal tender BTC comes into force in September, while Paraguay is also making noises well-nigh increased use.
![](https://s3.cointelegraph.com/uploads/2021-06/18b48b0a-f713-48f5-a0fa-51cadf9183b4.png)
Schiff: No one will purchase the $30,000 dip
Meanwhile, the argue regarding Bitcoin versus gold remains live and kicking.
Related: Bitcoin in uptrend simply BTC may never beat aureate's $10T market cap — ex-NYSE caput
Peter Schiff, arguably the well-nigh vocal gold bug on Twitter, continues to denounce Bitcoin equally vastly inferior to the precious metal.
"Most of the Bitcoin buyers who bought the last dip below $30K will not buy the side by side," he claimed in ane of two tweets on Friday.
"The main buyers volition exist those who took profits on the bounce. Therefore the next dip will not enjoy nigh as much support. New buyers volition likely show upwards at $20K, but fewer than did at $30K."
A dip to $xx,000 or fifty-fifty lower has been best-selling as a possibility by analysts themselves. This weekend, however, BTC/USD preserved $30,000 support after a fresh retest.
Source: https://cointelegraph.com/news/absolutely-right-to-think-of-bitcoin-as-the-new-gold-mexico-s-3rd-richest-man
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