Ricardo Salinas, Mexico’s third-richest man and outspoken Bitcoin advocate, addressed cultish behavior and religion as it relates to central banking systems.
Ricardo Salinas, Mexico’s third-richest man and outspoken Bitcoin advocate, addressed cultish behavior and religion as it relates to central banking systems.
- Ricardo Salinas, third-richest man in Mexico and CEO of Grupo Salinas, a consortium of companies, gave a keynote address during Bitcoin 2022.
- Salinas discussed the problems within a fiat system as centralized entities fraudulently assure their users for the capacity of generational wealth while tearing down the value of their currency in what he calls the “fiat fraud” and its religious following.
- Salinas’s hope for a hyperbitcoinized world was made evident when he told the crowd at Bitcoin 2022, “Unfortunately, it’s curtains for the U.S. Sell your shitcoins, and buy bitcoin.”
Ricardo Salinas, Mexico’s third-richest man and owner of business group Grupo Salinas, participated in a billionaire capital allocators (BCA) panel and gave a keynote address at Bitcoin 2022 to discuss the cultish behavior propagated by central banking institutions and the existing fiat system.
“I call it the fiat fraud. That’s what it is, a fraud,” Salinas said in the BCA panel.
Salinas has a history of discussing[1] the capacity for seizure associated with fiat and the ability of state actors to endlessly finance their own agenda, as well as the detriment to citizens of the affected nation states left to hold the bag of inflation. He elaborated on this point of view at Bitcoin 2022 by explaining his personal experience of living through hyperinflation.
“It’s one thing to understand a theoretical problem, and another to have lived it in your skin,” he explained to the audience during the BCA panel.
Salinas discussed his own allocation to bitcoin during the
