Mexican billionaire says sell your home, buy Bitcoin as fiat nears collapse
Mexican billionaire Ricardo Salinas has renewed his warning about the global fiat money system, urging ordinary people to sell their homes, buy Bitcoin (BTC) and gold, and brace for what he calls the collapse of fiat currencies.
Speaking on Robert Breedlove’s “What is Money?” podcast, Salinas said real estate is no match for Bitcoin’s scarcity and portability, arguing that savers need hard money to protect their wealth.
He said:
“My solution is you have a house. If you think that’s your investment, sell the house and buy Bitcoin. Because you can always make more houses. Bitcoin, you can’t make any more.”
While he acknowledged that owning a home makes sense for living, Salinas said it fails as an investment compared to Bitcoin’s deflationary properties and borderless custody. He encouraged homeowners to consider taking long-term mortgages to free up capital for Bitcoin instead.
Salinas, chairman of Grupo Salinas and one of Latin America’s wealthiest Bitcoin holders, framed fiat currency as a mechanism for governments to steal from citizens through inflation. He also criticized central banking as an illusion that enables states to expand indefinitely.
According to him:
“This fiat thing, which is a direct consequence of Keynesian economics, has to be put to death, you know, like the spike of the vampire with a silver bullet through the heart.”
His latest comments echo his earlier remarks to Kitco News in June, where he warned that current government monetary policies are pushing global economies toward financial repression and stealth confiscation through inflation.
Salinas has built his public message around the failures of fiat money and the risks of inflationary policies. He frequently cites his experience living through Mexico’s hyperinflation in the 1980s, when the peso collapsed from 20 to 3,000 per dollar in just six years.
He told Kitco last month:
“Fiat money is a fraud… It’s a scam. It’s fake money. And it’s coming to an end.”
In both interviews, Salinas argued that governments weaponize inflation and digital currencies to confiscate wealth and control citizens. He said Bitcoin and gold are the only “hard money” escape routes left for savers.
According to Salinas:
“The sooner we get illustrated by Bitcoin, the bigger it gets. This is the beginning of a new era — and the faster you wake up, the better off you’ll be.”
Salinas, who controls Banco Azteca and TV Azteca, has become one of Latin America’s loudest Bitcoin advocates. His new book, The Bitcoin Enlightenment, released this summer, expands on his belief that Bitcoin is not just a monetary breakthrough but a moral counterweight to state overreach.
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source https://cryptoslate.com/mexican-billionaire-says-sell-your-home-buy-bitcoin-as-fiat-nears-collapse/
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