{"id":193871,"date":"2021-06-28T20:00:53","date_gmt":"2021-06-28T19:00:53","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=193871"},"modified":"2021-06-28T15:01:55","modified_gmt":"2021-06-28T14:01:55","slug":"mexican-billionaire-says-hell-hold-bitcoin-for-30-years-hes-also-bearish-on-dogecoin","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/mexican-billionaire-says-hell-hold-bitcoin-for-30-years-hes-also-bearish-on-dogecoin\/","title":{"rendered":"Mexican billionaire says he&#8217;ll hold Bitcoin for 30 years. He&#8217;s also bearish on Dogecoin"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Mexican third-richest man Ricardo Salinas Pliego is holding <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> for the next thirty years, as per comments in a recent interview. He further <\/span><a href=\"https:\/\/twitter.com\/APompliano\/status\/1408964287918379012\"><span style=\"font-weight: 400;\">notes<\/span><\/a><span style=\"font-weight: 400;\">\u00a0that his bank could start offering Bitcoin banking services to clients and stated that all fiat currencies &#8216;are a fraud.'<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Here is a video of Mexico\u2019s third wealthiest man explaining why he believes all fiat currencies are a fraud and he wants to hold bitcoin over the next 30 years.<\/p>\n<p>Incredible to see this from <a href=\"https:\/\/twitter.com\/RicardoBSalinas?ref_src=twsrc%5Etfw\">@RicardoBSalinas<\/a> given his historic wealth and success. <a href=\"https:\/\/t.co\/FDVPxgWfFj\">pic.twitter.com\/FDVPxgWfFj<\/a><\/p>\n<p>&mdash; Pomp ? (@APompliano) <a href=\"https:\/\/twitter.com\/APompliano\/status\/1408964287918379012?ref_src=twsrc%5Etfw\">June 27, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><\/h2>\n<h2>Supporting Bitcoin<\/h2>\n<p><span style=\"font-weight: 400;\">Pliego outlined that the limitedness of Bitcoin supply adds to its merits and makes it a better-by far asset that he would consider for investment for the next three decades if he were to choose.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The billionaire, Mexico's third-richest person, has been a staunch supporter of Bitcoin for years and a motivator of investors to purchase the world-class asset.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pliego, in an interview, attributed the success of Bitcoin to its limited supply and noted that BTC has \u201cinternational value, that is traded with an enormous liquidity at a global level, which is why he doubled down on his belief that it should be a part of every portfolio.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He added\u00a0 local currencies in countries such as Venezuela, Argentina, and Zimbabwe have lost even more of their value than the dollar. &#8220;The dollar as hard money is a joke,&#8221; he noted.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remarkably, during the question and answer session, Pliego still picked cryptocurrency over fiat. In his words \u201cno paper bills. I would take Bitcoin.&#8221;<\/span><\/p>\n<h2><strong>Yes Bitcoin, no Dogecoin<\/strong><\/h2>\n<p>Pliego converted 10% of his liquid assets to Bitcoin last year, following up with a change to his Twitter bio (and later even sporting the &#8216;laser eyes'). He's worth over $13.2 billion and has a business conglomerate spanning telecommunications, internet, and banking services throughout Latin America.<\/p>\n<p>Meanwhile, unlike Elon Musk and other high-profile celebrities, Pliego's not buying into the Dogecoin frenzy. &#8220;You'll stay poor. Good luck,&#8221; he said in a <a href=\"https:\/\/twitter.com\/RicardoBSalinas\/status\/1409058393583767555\">tweet<\/a> reply to a purported DOGE investor earlier today. Cue the Dogeocoiner tears.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">You&#39;ll stay poor. Good luck.<\/p>\n<p>&mdash; Ricardo Salinas Pliego (@RicardoBSalinas) <a href=\"https:\/\/twitter.com\/RicardoBSalinas\/status\/1409058393583767555?ref_src=twsrc%5Etfw\">June 27, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mexican third-richest man Ricardo Salinas Pliego is holding Bitcoin for the next thirty years, as per comments in a recent interview. He further notes\u00a0that his bank could start offering Bitcoin banking services to clients and stated that all fiat currencies &#8216;are a fraud.&#8217; Here is a video of Mexico\u2019s third wealthiest man explaining why he [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":193884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35372,29],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mexican billionaire says he&#039;ll hold Bitcoin for 30 years. 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He&#039;s also bearish on Dogecoin\" \/>\n<meta property=\"og:description\" content=\"Ricardo Pliego, the 3rd richest man in Mexico, has pledged to continuously support Bitcoin by holding it for the next 30 years\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/mexican-billionaire-says-hell-hold-bitcoin-for-30-years-hes-also-bearish-on-dogecoin\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-28T19:00:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-28T14:01:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/06\/salinas-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/mexican-billionaire-says-hell-hold-bitcoin-for-30-years-hes-also-bearish-on-dogecoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/mexican-billionaire-says-hell-hold-bitcoin-for-30-years-hes-also-bearish-on-dogecoin\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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