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HomeCrypto NewsMarketMexican billionaire, Ricardo Salinas Pliego On Bitcoin Fall: 'Buy The Dip, Hold, And Thank Me Later'

Mexican billionaire, Ricardo Salinas Pliego On Bitcoin Fall: ‘Buy The Dip, Hold, And Thank Me Later’

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With Bitcoin facing a downtrend, failing to recover from essential supports like $40,000,  many are in doubt whether it’s time to buy or it’s better not to take risk and sell BTC.

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For Ricardo Salinas Pliego, a famous Mexican billionaire, it’s time to buy, and that in the future, anyone who listens to his advice will be very grateful to him.

Founder and president of Grupo Salinas, Banco Azteca, TV Azteca, and Elektra, Salinas is known for being a big supporter of Bitcoin.

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He is primarily an advocate of the famous word ‘Hodl,’ i.e., Bitcoin investors keep their coins and never sell no matter what happens. Recently, he spoke again about BTC, stating that the time is to continue buying, taking advantage of the low price, and “forget to sell.”

“You have to buy bitcoin (keep buying when the price is low), then just hold your BTC, forget about selling… trust me, you’re going to thank me later.”

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On Christmas, the Mexican Banking And Retail Corporation CEO said: ‘Get Rid Of Fiat Currencies, It’s Fake Paper, Fake Money… Invest In Bitcoin’. He also clarified that his Grupo Elektra would support the Bitcoin Lightning network.

His tweet responded to a Bitcoin Magazine post, which also urged investors not to sell their digital assets to the whales.

Over the past few months, Bitcoin’s history has been a complicated one for investors. After hitting its all-time high, it started to decline, dropping from the $69k mark to the current lows of 35K. So many are worried about the market, will it rise again? Is it now the end of crypto? Well, for some, the answer is always the same: ‘HODL.’

 

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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