Mexican billionaire Ricardo Salinas Pliego has again shown his support for Bitcoin. On this occasion, he has advised investors to buy Bitcoin (BTC) and not sell the cryptocurrency.
Pliego is a Mexican businessman, and chairman of Grupo Salinas. So why do crypto enthusiasts defer to Pliego’s advice? Because he made his wealth through innovative thinking.
In 1987 Pliego took over from his father as the CEO of Grupo Elektra. Originally, it was a family-owned furniture manufacturing company, founded in 1906 by Pliego’s great-grandfather. When Pliego took the helm, he brought innovative thinking to the party. He refocused Elektra on basic products like furniture, appliances, and electronics. Then he hit the new middle classes in Mexico, offering them credit, and then after that, diverse financial products and services. Pliego’s strategy was to build new markets by creating buying power among classes ignored by other Mexican businesses. Now Pliego’s company has interests in telecommunications, media, financial services, and retail stores.
Pliego is the third-richest person in Mexico. And, the 172nd richest person in the world. It is estimated he has $13.6 billion to his name.
Ricardo Salinas Pliego and Bitcoin
A tweet posted on Saturday, February 19 caught the billionaire’s eye. The tweet claimed that investors should not sell their BTC to whales.
Source: https://beincrypto.com/ricardo-salinas-pliego-billionaire-buy-bitcoin-and-forget-about-selling/