News - The third richest person in Mexico, "Bitcoin is a protection against hyperinflation."

By Sam Fröling

The third richest person in Mexico, "Bitcoin is a protection against hyperinflation."

Bitcoin (BTC)
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The third richest person in Mexico, "Bitcoin is a protection against hyperinflation."

The country's third richest person is a big supporter of Bitcoin. And advises his fellow citizens to buy it too.

Mexico's third richest man, a Bitcoin agent: In an interview with Bitcoin Magazine, Ricardo Salinas explains why he advises people in the country to use digital gold. The main reason is inflation, which currently stands at five percent in Mexico. For the billionaire, this form of depreciation of money is also a form of theft.

"The fact that people are being robbed of their savings unknowingly and without their consent is particularly distressing, especially for those who need their savings for retirement," he declares

Bitcoin serves as solution

The way out: Bitcoin, he says, "a way to protect against this because it cannot be devalued." This refers to the absolute limit of 21 million coins. There will never be more. However, the theory of Bitcoin as protection against inflation is considered controversial. In Mexico, Bitcoin is being discussed as a legal means of payment, as is the country of El Salvador.

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