This Billionaire Says One Factor Makes Bitcoin Superior to Gold: Here’s What It Is – Benzinga
Mexico’s third-most extravagant man and a solid Bitcoin advocate, Ricardo Salinas Pliego says that gold is exceptionally inclined to control, adding that the cost of Bitcoin BTC/USD isn’t as simple to exploit.
It’s not difficult to control gold. Simply think, the gold cost is fixed in London… Look what occurred with the London Metal Exchange with nickel the other month. That is to say, the entire thing is an extortion across the board,” he said.
Pliego also said, “Bitcoin doesn’t have the gold issues. You don’t need to heft it around. You don’t need to store it around.
Also Read: This Billionaire Has 60% Of His Liquid Funds In Bitcoin; Why He Says No To Bond Investments
And generally significant, Pliego says it’s hard to control the cost since there are so many spots where you can exchange Bitcoin 24 hours every day, from one side of the planet to the other. “Not like gold, right,” he noted.
Pliego added that his family had put away worth in gold for ages, yet everything changed when he found Bitcoin.
“We thought that the solution to fiat was gold. And we were betting on that all the time. And it did help. In some moments, it helped a lot. But, gold has all these problems, and when I found out about Bitcoin, well now this changed everything because Bitcoin doesn’t have the gold problems,” he said.
During a new meeting, Pliego said that the greater part of his fluid portfolio is in Bitcoin.
In 2020, Salinas had just 10% of his portfolio interest in Bitcoin, and presently he has 60% of his fluid assets in the summit digital money.
Photo: Courtesy of sally anderson on flickr
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