Mexican billionaire Ricardo Salinas Pliego took a leaf from Elon Musk’s playbook and added the Bitcoin hashtag to his Twitter bio. His profile now reads “Mexican businessman #Bitcoin.”
Pliego revealed final 12 months he holds 10 p.c of his liquid property within the main cryptocurrency. Round this time, he posted a video exhibiting piles of Venezuelan bolivars thrown within the trash with the caption, “That is inflationary expropriation!”
Para iniciar con el #Bitcoin, les comparto un video tomado en un país latino donde los bancos tiran el dinero a la basura (el papel moneda no vale nada) es por eso que siempre es bueno diversificar nuestro portafolio de inversiones 😌.
Esto es la expropiación inflacionaria! 🤦🏻♂️ pic.twitter.com/ahblQW6AhO
— Ricardo Salinas Pliego (@RicardoBSalinas) November 17, 2020
Bitcoin continues to collect steam
This 12 months has seen a flood of excessive profile figures come ahead in help of the primary cryptocurrency. Whereas Musk is arguably essentially the most acknowledged determine to take action, a slew of others has additionally joined in.
Carolina Panthers offensive deal with Russell Okung went full Bitcoin on the finish of January with a tweet stream commenting on the advantages of holding it. He additionally added Bitcoin to his Twitter bio and known as on his followers to do the identical.
Everybody, put #Bitcoin in your bio.
Plant the flag to declare you’re prepared for the longer term.
Ship me a screenshot so I do know it’s actual.
— russ (@RussellOkung) January 29, 2021
A number of celebrities adopted swimsuit; this contains singer-songwriter Pleasure Villa, YouTuber Mr. Beast, non secular guru Sofia Hayat, Reddit co-founder Alexis Ohanian, and lots of others.
However Mexico’s third-richest particular person has now belatedly joined in with the motion. Ricardo Salinas Pliego is ranked 171st richest on this planet by Forbes. He has an estimated internet value of $13.7 billion.
Pliego is the Founder and Chairman of company conglomerate Grupo Salinas. The group’s pursuits cowl telecommunications, media, monetary companies, and retail.
Even regardless of his huge fortune, Pliego has demonstrated his issues over the pursuit of reckless financial coverage.
Musk in sizzling water with SEC over tweets
Tesla introduced final week the acquisition of $1.5 billion value of Bitcoin. Within the run-up previous the announcement, the Tesla CEO was energetic on Twitter posting about Dogecoin and Bitcoin.
One such incident, during which he added #Bitcoin to his Twitter bio, resulted in a close to $8k upswing in worth. The “Elon candle,” as it’s identified, drew criticism from a number of observers, together with Nouriel Roubini, who accused Musk of market manipulation.
Doug Davison, a former Department Chief on the SEC, additionally believes Musk’s actions warrant motion from the SEC.
“It might not be shocking—given the concentrate on the chief govt’s tweets, bitcoin pricing and up to date dramatic market strikes—for the SEC to ask questions concerning the info and circumstances right here.”
Musk is not any stranger to SEC sanctions. They beforehand sued him over his tweets on taking Tesla non-public, which they stated violated securities legislation.
He has since eliminated any point out of Bitcoin from his Twitter profile.
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