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.
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.
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.”
— Ricardo Salinas Pliego (@RicardoBSalinas) February 19, 2022
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.’