In the mid-1500s, Spaniards crossed the Americas and imposed Catholicism on a land rich in precious metals and abundant in fertile land, in addition to having corn - a food richness of the new world. In the end, the Spaniards left the predatory European culture of that century, an overlap of religious aspects over local "paganism" and many new diseases of the natives. For all this, the natives "paid" with gold and silver.
Five centuries later, in what is now Mexico, another large bank leverages the potential of bitcoin: the Azteca bank.
President of Grupo Salinas, which controls telecommunications companies, retail and even a TV channel, Ricardo Salinas Pliego recently gave an interview to a YouTube channel, in which he said he believes that bitcoin is "an asset with extraordinary characteristics" that make it cryptocurrency the "gold of the modern world".
Mexico's third-richest person spoke positively about bitcoin again on Sunday, 28, and announced that Banco Azteca, founded by him in 2002, plans to start accepting cryptocurrency.
The businessman also stated that governments do not like bitcoin because, with the cryptocurrency, people can stop using the "fiduciary trap" that are the national currencies, which he considers a fraud. "The dollar as currency is a joke," he said.
The video was posted on social media by a number of bitcoin enthusiasts such as Anthony Pompliano and Michael Saylor, CEO of MicroStrategy.
The latter posted the video with the message: "If you hope to protect your heritage for generations, Ricardo Salinas suggests you invest in bitcoin.
The strategy is simple: choose the highest quality asset you can find and hold it."
Sure, I recommend the use of #Bitcoin, and me and my bank are working to be the first bank in Mexico to accept #Bitcoin, if you need more details or information to follow me on my Twitter account ð.
â Ricardo Salinas Pliego (@RicardoBSalinas) June 27, 2021
Salinas then responded to Saylor's Twitter post and commented: "I recommend the use of bitcoin, and my bank works to become the first bank in Mexico to accept bitcoin." Then he sent a second reply: "Bitcoin is the new gold, but much more portable, carrying bitcoin is much easier than carrying gold bars in your pocket... and I know I'm going to be attacked by gold lovers."
In fact, he puts these positions in a solid way, without attacking any pillar of the modern economy, he only finds that, like the Spaniards, in 1500, whoever manages to explore this new land of opportunity will have great chances of earning more profits than the who arrive later.
The Mexican also made a third publication on the subject, this time highlighting the use of bitcoin as a way to diversify the portfolio and reinforcing the plans of Azteca bank: "Bitcoin is a good way to diversify your investment portfolio and I believe that any investor should study about cryptocurrencies and their future. At Banco Azteca we are working to bring them to our clients and to continue promoting freedom."
That's totally right, #Bitcoin is the new gold, but too much more portable, transport #Bitcoin is so much easier than having your pockets in gold bars ðĪŠâĶ and i know that I'm going to be attacked by gold lovers ðð https ://t.co/aMMxd6OwFg
â Ricardo Salinas Pliego (@RicardoBSalinas) June 27, 2021
Along with the text, he also published an image showing the rise in the price of a cup of coffee since 1990, which said "Inflation is a silent death. The dollar has been quietly stealing your purchasing power since 1913. Buy bitcoin!"
Ricardo Salinas Pliego's interest in bitcoin is nothing new.
In November, he had already talked about the matter and stated that he would invest 10% of his 15.8 billion dollars (78 billion reais) equity in the cryptocurrency.
The banker, in his statements, only reinforces the silent revolution that cryptocurrencies provide: giving the normal citizen the possibility of having real gains working capital without intermediaries.
Of course, just like the NAu that sailed across the islands, in the uncertainty of what they would find, you take risks, usually providing the greatest gains.
And this lesson: gains/risks must always be taken into account.
When a bank, third in Mexico, bets on bitcoin, after all the ups and downs of the currency, it must mean that the risks are acceptable.
Think big, so think like a banker!
