Making Bitcoin legal tender is Mexico will be 'an uphill battle,' says Ricardo Salinas

During the Bitcoin 2022 Conference successful Miami, Florida, Cointelegraph caught up with Ricardo Salinas, the laminitis and president astatine Grupo Salinas, successful an exclusive sit-down interview. As an aboriginal Bitcoin (BTC) adopter, since its $200 days, Salinas has experienced first-hand the highs and lows of the market, and learned a happening oregon 2 on the way.

Salinas started disconnected the time arsenic a panelist astatine the main signifier of the Miami Beach Convention Center among chap billionaires Orlando Bravo, Marcelo Claure and Dan Tapiero. In a treatment titled "Bitcoin Billionaire Capital Allocators," Salinas disclosed that 60% of his portfolio is successful Bitcoin, portion the different 40% is simply a premix of lipid and state investments.

From left, moderator Greg Foss, Marcelo Claure, Ricardo Salinas, Dan Tapiero and Orlando Bravo.

That aforesaid day, April 7, chap league attendee Mexican legislator Indira Kempis announced that she proposed authorities to marque Bitcoin ineligible tender successful Mexico. Mexico would travel El Salvador, Roatán, Honduras and Madeira, Portugal if it does spell done with the legislation. When asked what helium thought astir this, Salinas said it's "going to beryllium an uphill battle" to marque this hap due to the fact that his state "unfortunately" has a mindset that is excessively attached to its power implicit fiat, oregon what helium calls "fiat fraud."

"The powers astatine the cardinal slope and ministry of concern hatred Bitcoin due to the fact that of the state it represents and it's a nonstop menace to their monopoly money."

As the laminitis of the Mexican bank, Banco Azteca, Salinas admits he's portion of a problematic strategy and reveals that he'd emotion for his slope to person entree to bitcoin payments, deposits and lending. In the meantime, however, arsenic the proprietor of the Elektra Group supermarket chain, helium is presently moving connected enabling the retailers to judge Bitcoin payments for each items.

Related: Lightning to onslaught Shopify merchants with summation of BTC payments

While sitting with Cointelegraph, helium said that Bitcoiners stay a tiny percent of the full colonisation and that determination is inactive a agelong mode to spell earlier determination is cosmopolitan adoption. He besides reminded viewers that nary substance an investor's age, the astir important prime immoderate capitalist tin person is curiosity and the intelligence openness to continually learn.