Mexican billionaire Ricardo Salinas Pliego adds #Bitcoin to his Twitter bio

 Mexican billionaire Ricardo Salinas Pliego adds #Bitcoin to his Twitter bio

Mexican billionaire Ricardo Salinas Pliego took a leaf from Elon Musk’s playbook and added the Bitcoin hashtag to his Twitter bio. His profile now reads “Mexican businessman #Bitcoin.”

Supply: Ricard Salinas Pliego Twitter

Pliego revealed final yr he holds 10 p.c of his liquid belongings within the main cryptocurrency. Round this time, he posted a video displaying piles of Venezuelan bolivars thrown within the trash with the caption, “That is inflationary expropriation!”

Bitcoin continues to assemble steam

This yr has seen a flood of excessive profile figures come ahead in assist of the primary cryptocurrency. Whereas Musk is arguably probably the most acknowledged determine to take action, a slew of others has additionally joined in.

Carolina Panthers offensive deal with Russell Okung went full Bitcoin on the finish of January with a tweet stream commenting on the advantages of holding it. He additionally added Bitcoin to his Twitter bio and known as on his followers to do the identical.

A number of celebrities adopted swimsuit; this consists of singer-songwriter Pleasure Villa, YouTuber Mr. Beast, religious guru Sofia Hayat, Reddit co-founder Alexis Ohanian, and lots of others.

However Mexico’s third-richest particular person has now belatedly joined in with the motion. Ricardo Salinas Pliego is ranked 171st richest on the earth by Forbes. He has an estimated web value of $13.7 billion.

Pliego is the Founder and Chairman of company conglomerate Grupo Salinas. The group’s pursuits cowl telecommunications, media, monetary providers, and retail.

Even regardless of his huge fortune, Pliego has demonstrated his considerations over the pursuit of reckless financial coverage.

Musk in sizzling water with SEC over tweets

Tesla introduced final week the acquisition of $1.5 billion value of Bitcoin. Within the run-up previous the announcement, the Tesla CEO was energetic on Twitter posting about Dogecoin and Bitcoin.

One such incident, through which he added #Bitcoin to his Twitter bio, resulted in a close to $8k upswing in value. The “Elon candle,” as it’s identified, drew criticism from a number of observers, together with Nouriel Roubini, who accused Musk of market manipulation.

Doug Davison, a former Department Chief on the SEC, additionally believes Musk’s actions warrant motion from the SEC.

“It could not be stunning—given the concentrate on the chief govt’s tweets, bitcoin pricing and up to date dramatic market strikes—for the SEC to ask questions in regards to the details and circumstances right here.”

Musk isn’t any stranger to SEC sanctions. They beforehand sued him over his tweets on taking Tesla non-public, which they stated violated securities regulation.

He has since eliminated any point out of Bitcoin from his Twitter profile.

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