Mexican billionaires came out in support of Bitcoin, showing an improvement in currency prices


Mexican billionaire Ricardo Salinas Plego has backed Bitcoin, saying his bank, Banco Azteca, was in the process of becoming the first bank in Mexico to accept cryptocurrency. Salinas, head of one of Latin America’s largest unions, tweeted in response to another bitcoin bull, Michael Sawyer. He suggested using cryptocurrencies the most damaged this year, amid China’s massive crackdown on trade and mining. Elon Musk, CEO of Tesla and SpaceX, tweeted against digital assets.

In the tweet, Salinas wrote that he advised “using bitcoin” and that he and his bank were “working to become the first bank in Mexico to accept # bitcoin”. Following Salinas’ tweets in support of cryptocurrencies over the weekend Bitcoin is priced in Indian rupees Increase. Although it is still far from the top spot in April this year.

In a tweet in Spanish, Salinas said Bitcoin is a great way to diversify its investment portfolio, adding that at Banco Azteca they are working to bring cryptocurrency to customers.

In a video, Salinas said he spent a lot of time studying Bitcoin and thought it was an asset that should be part of every investor’s portfolio. Mexico’s third-richest man says a limited supply of 21 million bitcoins is a key. He said he would take Bitcoin if he chose to take over the property for 30 years in the future.

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The value of support for Bitcoin comes in a sharp decline. The fall was partly blamed on Chinese action and partly attributed to the Tesla CEO’s tweet alleging the use of fossil fuels in cryptocurrency mining.

Bitcoin peaked at an all-time high of about 65,000 (about Rs 47.3 lakh) but lost all profits in the recent two market crashes in May and June.
Coindesk It traded at দিকে 35,600 (approximately Rs 2.4.43 lakh) at 5pm (IST) on Tuesday, according to the report.

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