Ricardo Salinas Pliego boosts his bet on Bitcoin (BTC) as gold and the US currency come under fire.
Pliego, Mexico’s third-richest man, considers Bitcoin (BTC) to be the “new gold.” He revealed in a tweet on June 27 that he prefers Bitcoin to fiat currency or gold as an investment.
Pliego emphasizes the advantages of Bitcoin
Pliego, who is already well-known as a Bitcoin zealot, has remained firm in his beliefs, bolstering South America’s burgeoning interest in the world’s largest cryptocurrency.
“That’s totally right, Bitcoin is the new gold, 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 be attacked by gold lovers,” he responded to a tweet by MicroStrategy CEO, Michael Saylor.
Saylor had pointed to a previous video interview with Pliego in which he stated that when it comes to wealth preservation, Bitcoin clearly outperforms the US dollar.
Pliego has expressed his admiration for Bitcoin on various occasions and across multiple media, including in a special interview with Cointelegraph at the beginning of the year.
He drew a blank when asked by a Twitter user how Mexico could follow El Salvador in making it legal tender.
“No idea,” he replied.
“Most of the Bitcoin buyers who bought the last dip below $30K will not buy the next,” he claimed in one of two tweets on Friday.
“The main buyers will be those who took profits on the bounce. Therefore the next dip will not enjoy nearly as much support. New buyers will likely show up at $20K, but fewer than did at $30K.”
Analysts have admitted that a drop below $20,000 or possibly lower is a conceivable. After a fresh check this weekend, though, BTC/USD maintained $30,000 support.