Mexican Billionaire Ricardo Salinas Doubles Down on Bitcoin, Advises Using It as Inflation Hedge. Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin as a reserve asset. On social media, Salinas defended the role of Bitcoin as an inflation hedge, commenting on a post that presented inflation as a hidden tax on fiat money and advised his followers to purchase it. More and more wealthy people are taking notice of bitcoin’s properties as a store of value compared to fiat currencies. Ricardo Salinas, a Mexican with a fortune of over $10 billion, has advised his followers to purchase bitcoin to battle inflation, a problem that majorly affects Latam countries like Argentina and Venezuela, and African countries like Zimbabwe.
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