Mexico’s third richest man advocates using Bitcoin to protect wealth and fight inflation

Ricardo Salinas Pliego, Mexico’s third richest man and chairman of Grupo Salinas, discussed the impact of Bitcoin on the economy, especially in Latin America, in a recent interview. "Around the world, not just in Mexico or Latin America, what we're seeing is an increase in inflation taxes, which means people's savings are being taken away without their permission, without their knowledge," he said. It’s a very sad situation, especially for people who are relying on that money for retirement. So Bitcoin is a way to prevent that from happening because it doesn’t lose value.” He added: “Bitcoin’s importance lies in its tax resistance and many other aspects, but very specifically in hyperinflationary economies, of which there are several in Latin America.” (Bitcoin.com)