“Absolutely correct” to call Bitcoin the new gold – Mexico’s third richest man


Bitcoin (BTC) is definitely the “new gold” for the third richest man in Mexico, Ricardo Salinas Pliego.

In a June 27 tweet, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currency or gold.

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Pliego repeats the benefits of Bitcoin

Already known as a Bitcoin proponent, Pliego has stuck to its beliefs and promotes South America’s newfound fondness for the largest cryptocurrency.

“That’s absolutely correct, Bitcoin is the new gold, but too much more portable, Bitcoin is so much easier to carry than having gold bars in your pockets … and I know that I’m being attacked by gold lovers,” he replied in hey tweet by MicroStrategy CEO Michael Saylor.

Saylor had linked to a previous video interview with Pliego in which he argued that Bitcoin is easily beating the US dollar in preserving assets.

Pliego has expressed its admiration for Bitcoin on several occasions and on different platforms, including in a special interview with Cointelegraph earlier this year.

When asked by a Twitter user how Mexico could follow El Salvador when it introduced it as legal tender, Pliego nevertheless drew a loophole.

“I don’t know,” he replied.

As Cointelegraph reported, El Salvador’s new era of legal tender BTC comes into effect in September, while Paraguay is also crying out for increased use.

XAU / BTC 1-day candlestick chart. Source: TradingView

Ship: Nobody is going to buy the $ 30,000 dip

In the meantime, the bitcoin versus gold debate remains alive.

Related: Bitcoin on the up, but BTC could never surpass gold’s market capitalization of 10 tons – without a NYSE boss

Peter Schiff, arguably the loudest gold bug on Twitter, continues to condemn Bitcoin as being far inferior to the precious metal.

“Most bitcoin buyers who bought the last drop below $ 30,000 won’t buy the next,” he claimed in one of two tweets on Friday.

“The main buyers will be those who took profits on the upswing. Hence, the next decline will not enjoy nearly as much support. New buyers are likely to show up at $ 20,000, but less than $ 30,000. “

A drop to $ 20,000 or even below was recognized as a possibility by analysts themselves. However, this weekend, BTC / USD retained the USD 30,000 support after retesting it again.