Buy Bitcoin to “Save Your Skin”, Says Billionaire

Ricardo Salinas Pilego, the third richest man in Mexico is warning Americans about the perils of hyperinflation, saying western nations are “going exactly the same rout” as Mexico went in the 1980’s.

Speaking at the Bitcoin 2022 conference last week, Salinas, whose estimated net worth is $13.6 billion, said, “I was making $2,000 in 1980 and a few years later I was making 20 bucks — the same salary was down from 2,000 to 20 bucks…

“So I know about hyperinflation. I’ve been there. And it’s not the same to know it in theory as to actually be a victim of it.

“… the U.S., and Japan, and the U.K., and the Euro-block, they are going exactly the same route my country went in the 80s.”

To illustrate his worries, Salinas showed a chart of total US assets, highlighting how from 2005 to today, total Federal assets grew from $0.8 trillion to $8.9 trillion.

An increase of 1,012%.

What they are doing is making fake money out of thin air and loaning it out to create a purchasing power to the tune of, we’re now, $9 trillion of fake savings made by the Federal Reserve”, he said.

“… (We) can’t do anything about it. You can’t go out of the dollar — unless you go to bitcoin.”

After his Bitcoin 2022 speech, Salinas tweeted:

“Please… don’t put your future in governments’ hands, you and I know how that always ends, stay away from fiat money, invest in BTC.”

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