LATEST: Mexican Billionaire Salinas Champions Bitcoin as Inflation Shield, Criticizes Government Control Over Wealth

Mexican billionaire Ricardo Salinas, chairman of Grupo Salinas, highlighted the benefits of bitcoin as a safeguard against the “inflation tax” in a recent interview with Bitcoin Magazine. Salinas emphasized that bitcoin, which is immune to debasement, can be instrumental in shielding people’s savings from inflation, especially in hyperinflationary economies prevalent in Latin America. On the topic of a bitcoin ETF, he remarked that while it’s a beneficial advancement, authorities might resist it to maintain their fiscal control. Salinas also criticized government monetary policies, equating them to fraud that robs citizens.

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