Billionaires are promoting cryptocurrencies, and the latest to join the club is Mexico’s third-richest person
Ricardo Salinas Pliego, Mexico’s third-richest person, is joining the likes of Elon Musk in rooting for cryptocurrencies. Pliego, the chairman at conglomerate Grupo Salinas recently added Bitcoin (BTC) to his Twitter bio, showing support for the leading cryptocurrency.
He joins other billionaires like Elon Musk who actively promotes Dogecoin on his timeline, calling it the ‘people’s cryptocurrency’.
Pliego, who is worth an estimated $13 billion, made it clear to his over 840,000 Twitter followers that he is an avid supporter of Bitcoin. He made this change when Bitcoin reached the $40,000 mark during a massive weekend rally.
Jay Hao, the CEO of OKEx cryptocurrency exchange, tweeted about Pliego’s profile change on Saturday, welcoming the billionaire to the Bitcoin community and encouraging others to join the crypto movement.
The billionaire isn’t new to Bitcoin. Pliego revealed in December that he had bought his first Bitcoin in 2013, back when the cryptocurrency was trading at $200 per coin. He termed it his best investment ever as he held the cryptocurrency until the 2017 bull run when it was trading at $17,000. Pliego repurchased Bitcoin at a lower price and revealed that he now holds 10% of his liquid portfolio in BTC. He is a long-term investor and doesn’t intend to sell any of his bitcoins anytime soon.
Bitcoin rallied to the $40,000 mark during the weekend but declined to $38,000 on Sunday. The leading cryptocurrency is recovering, and it is currently trading just above the $39,000 mark at the time of writing. Bitcoin is yet to set a new all-time high after reaching $41,960 in the first week of January. However, the recent rally could see it reach an all-time high and set a new one in the coming weeks.
Elon Musk continues pushing Dogecoin
Tesla and SpaceX CEO Elon Musk has been pushing Dogecoin (DOGE) over the past few weeks. The world’s second-richest man believes DOGE is the people’s cryptocurrency and is sure it would rally even higher over the coming weeks.
The cryptocurrency set a new all-time high over the weekend as Musk and others hype it. In a Twitter poll, 71% of the respondents backed Dogecoin’s rally.