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Mexico's 3rd Richest Man Shuts Down Dogecoiner: "You Will Stay Poor"

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Sun, 06/27/2021 - 18:33
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Alex Dovbnya
Ricardo Salinas Pliego doesn't mince his words when it comes to fiat and Dogecoin
Mexico's 3rd Richest Man Shuts Down Dogecoiner: "You Will Stay Poor"
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Grupo Salinas founder Ricardo Salinas Pliego, the third-richest person in Mexico with a net worth of $15.6 billion, is not pulling punches when it comes to cryptocurrency tribalism.

In a recent tweet, he told an indignant Dogecoin holder that he would “stay poor,” coming short of repeating a popular catchphrase that Bitcoiners use to mock altcoiners and nocoiners.

Pliego, a well-known Bitcoin advocate, believes that the largest cryptocurrency should have a place in every investor’s portfolio. In 2020, he revealed that 10 percent of his massive net worth was in crypto.   

The billionaire is convinced that Bitcoin is better than gold because of its portability, transportability and finite supply. Speaking of Ethereum, he claimed that he couldn’t trust cryptocurrencies without finite supply:  

Bitcoin’s finite supply, the 21 million, that’s the key of the whole thing. That’s what I was saying about Ethereum. As long as they don’t have a finite supply, I don’t believe them at all. For all I know, they emit more and your asset depreciates.   

In a recent interview, he also slammed fiat money as “a fraud.”

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Pliego’s bank will accept Bitcoin

Earlier today, the Mexican tycoon also announced that his bank, Banco Azteca, is working to accept Bitcoin.

Pliego himself plans to hold the flagship cryptocurrency for over three decades.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.