Ricardo Salinas Pliego Advocates for Bitcoin Investment

Summary:
Ricardo Salinas Pliego, Chairman of the Salinas Group and the third richest man in Mexico, has advocated for investing in Bitcoin as a safeguard against the devaluation of fiat currencies. Highlighting the severe devaluation of the Nigerian Naira, which is now worth less than one Satoshi (the smallest Bitcoin unit), Salinas emphasized Bitcoin’s potential as a store of value amid economic and financial instability. He urged his 1.8 million followers on X (formerly Twitter) to buy and hold Bitcoin. This endorsement aligns with views from other financial experts like Robert Kiyosaki and Cathie Woods, who also see Bitcoin as a hedge against inflation and currency depreciation.