Mexican billionaire Ricardo Salinas updated his warning about the global Fiat Money System, urging ordinary people to sell their homes, buy Bitcoin (BTC) and gold, and urged braces for what is called the collapse of the Fiat currency.
Robert Breedlove’s “What Is Money?” podcast, Salinas, says real estate can’t rival the rarity and portability of Bitcoin, claiming that savers need hard money to protect their wealth.
He said:
“My solution is that you have a home. If you think that’s your investment, then sell your home and buy Bitcoin. Because you can always make more homes. Bitcoin, you can’t make any more.”
He admitted that owning a home makes sense to life, but Salinas said it fails as an investment compared to Bitcoin’s deflationary property and borderless custody. He encouraged homeowners to consider taking long-term mortgages to release Bitcoin capital instead.
Salinas, chairman of Grupo Salinas and one of Latin America’s wealthiest Bitcoin holders, has parsed Fiat Currency as a mechanism by which the government steals from its citizens through inflation. He also criticized central banks as an illusion that would allow the nation to expand indefinitely.
According to him:
“This Fiat, a direct result of Keynes’ economics, needs to die, like a vampire spike with a silver bullet through his heart.”
His latest comments reflect his previous remarks to the Kitoko News in June, which warned that current government monetary policy is pushing the global economy towards financial suppression caused by inflation and stealth confiscation.
Salinas has constructed a public message about the failure of Fiat Money and the risks of inflation policy. He frequently cites experiences living through hyperinflation in Mexico in the 1980s.
He told Kitoko last month:
“Fiat Money is a scam… it’s a scam. It’s fake money. And it’s coming to an end.”
In both interviews, Salinas argued that the government would weaponize inflation and digital currency to confiscate wealth and control citizens. He said Bitcoin and gold were the only “hard money” escape routes left for savers.
According to Salinas:
“The sooner it is explained by Bitcoin, the bigger it becomes. This is the beginning of a new era. And the faster you wake up, the better you will.”
Salinas, who manages Banco Azteca and TV Azteca, has become one of the biggest Bitcoin supporters in Latin America. His new book, The Bitcoin Enlightenment, released this summer, expands his belief that Bitcoin is not just a financial breakthrough, but a moral counterweight to the nation’s excesses.
