One of Mexico's richest men and founder of Grupo Salinas, Ricardo Salinas Pliego, explained why the first cryptocurrency is a good investment.
Long-Term Growth Potential.
#Bitcoin is analogous to a promising early-stage company. Despite the volatility and risks, digital gold has seen impressive growth since its inception, outperforming many other
#investment options. This is an opportunity to be part of a new technology that could redefine the global financial system.Affordability and Liquidity. Unlike traditional investment options such as real estate and funds, bitcoin can be bought and sold for any amount almost instantly through online platforms. This provides flexibility and accessibility to your funds, but also allows for impulsive reactions to market fluctuations.Diversifying Your Investment Portfolio. It is important not to put "all your eggs in one basket". Cryptocurrency often doesn't follow stock market trends, making it a potentially good way to mitigate risk.Protection Against Government Absurdities. Inflation and currency devaluation. Bitcoin is a good alternative with a limited issue of 21 million BTC, which contrasts with fiat, which the authorities can print indefinitely, gradually reducing its value.
However, like any investment, investing in bitcoin has its risks. Its value can be extremely volatile IN THE SHORT TERM, and as it is a relatively new asset, it faces regulatory and market uncertainties. In addition, the security of your cryptocurrency investments depends on the precautions you take to protect your private keys and choose reliable exchange platforms.
Ricardo Salinas Pliego
According to Salinas Pliego, investing in the first cryptocurrency can be "an exciting and potentially lucrative way to start building a diversified portfolio."
In summary, for anyone who wants to start having fun and learning in the investment world, investing in Bitcoin could be an exciting and potentially lucrative way to start building a diversified investment portfolio. However, it is crucial to do so with caution and as part of a balanced financial strategy, considering both your long-term goals and your risk tolerance (NEVER invest what you need to live on).
Ricardo Salinas Pliego
In October 2023, Salinas Pliego called the first cryptocurrency a reliable defense against inflation, as the government cannot devalue it.
The billionaire is ranked 132nd in the Bloomberg Billionaires Index with a capital of $14.8 billion. In November 2020, he said he invested 10% of his funds in Bitcoin.