‘Absolutely right’ to think of Bitcoin as the new gold — Mexico’s 3rd richest man

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

In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an funding reasonably than fiat currencies or gold.

Pliego reiterates Bitcoin advantages

Pliego, already nicely generally known as a Bitcoin proponent, has caught by his conviction, furthering South America’s newfound penchant for the most important cryptocurrency.

“That’s completely proper, Bitcoin is the brand new gold, however an excessive amount of extra moveable, transport Bitcoin is a lot simpler than having your in pockets gold bars … and i do know that I’m going to be attacked by gold lovers,” he responded to a tweet by MicroStrategy CEO, Michael Saylor.

Saylor had linked to a earlier video interview with Pliego by which he argued that Bitcoin simply beats the U.S. greenback with regards to wealth preservation.

Pliego has professed his admiration for Bitcoin on a number of events and varied platforms, together with in a devoted interview with Cointelegraph firstly of the yr.

When requested by a Twitter consumer how Mexico may comply with El Salvador in making it authorized tender, Pliego nonetheless drew a clean.

“No thought,” he replied.

As Cointelegraph reported, El Salvador’s new period of authorized tender BTC comes into drive in September, whereas Paraguay can be making noises about elevated use.

Schiff: Nobody will purchase the $30,000 dip

In the meantime, the controversy concerning Bitcoin versus gold stays alive and kicking.

Associated: Bitcoin in uptrend however BTC could by no means beat gold’s $10T market cap — ex-NYSE head

Peter Schiff, arguably probably the most vocal gold bug on Twitter, continues to denounce Bitcoin as vastly inferior to the dear steel.

“Many of the Bitcoin consumers who purchased the final dip under $30K won’t purchase the following,” he claimed in considered one of two tweets on Friday.

“The principle consumers will likely be those that took earnings on the bounce. Subsequently the following dip won’t take pleasure in practically as a lot help. New consumers will seemingly present up at $20K, however fewer than did at $30K.”

A dip to $20,000 and even decrease has been acknowledged as a chance by analysts themselves. This weekend, nevertheless, BTC/USD preserved $30,000 help after a contemporary retest.