“Bond investing is a terrible investment. It’s just the worst,” he said. And he also dismissed hedge buying dollars.
“In Mexico we thought that the exit was through the dollar, so we all try to save in dollars and earn money in dollars. When I was young I went from making $2,000 a month to $20 because of hyperinflation,” she said.
“I would put up a big warning sign for young people, the same can happen to you, unless you buy Bitcoin”, assured Salinas Pliego in his conference.
The businessman now has a net worth of about $12.9 billion, according to Forbes, which ranks him third among the richest people in Mexico.
The most affected
The businessman warned that there are two groups of people more vulnerable to inflation, the first is that of those who live on their savings or pensions, “they are going to be annihilated,” he said, referring to inflation.
The other group is made up of the poorest people, he said. “People who do not have assets, who do not have a house, a car or money in their pocket, will be more affected. And this is not good,” she added. “What can we do? We can buy Bitcoin and sell those other currencies”, he sentenced.
Source: Ambito
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