Ricardo Salinas, the Mexican billionaire, is at it once again.
On this occasion, Mexico’s third-wealthiest individual stated to his audience that “fiat inflation is a covert levy,” and pointed to purchasing bitcoin as the solution to hedge against it.
The founder of Banco Azteca and former chairman of the electronics and home appliance retailer Grupo Elektra advised his followers to opt out and begin safeguarding their financial reserves.
When you work, you trade your time (your life) for money. But when governments create money at will and dilute its value, they steal the time you sacrificed to earn it.
Fiat inflation is a hidden tax. Don’t be fooled: learn, protect your savings, and defend your freedom, buy… pic.twitter.com/1l8ZtoFCaA
— Don Ricardo Salinas Pliego (@RicardoBSalinas) August 31, 2026
“Bitcoin alters a core rule: nobody is able to print additional units simply out of desire,” Salinas mentioned during a video shared on X on Monday.
“While you must labor to acquire more cash, the system can effortlessly manufacture more of it. Do not be deceived: educate yourself, safeguard your financial reserves, and protect your liberty, acquire bitcoin and retain it.”
This is certainly not the first time Salinas has instructed his audience to remain conscious of governmental monetary policies.
The billionaire publishes content on X nearly every day for millions of followers, and condemning central bank money issuance remains a frequent motif for him, showing up across posts, interviews, conference presentations, and video addresses.
Throughout recent years, the entrepreneur has intensified his condemnations of administrations — along with his endorsements of bitcoin. Earlier this year, he acknowledged that he elevated his holding in the digital asset from 10 percent to 70 percent of his overall investment portfolio.
Salinas’s passion for bitcoin originates entirely from central bank monetary directives. While speaking at the Bitcoin 2022 conference, Salinas characterized conventional currency as “the fiat fraud.”
“What they are doing is printing money out of thin air, and then making fake purchases,” he commented regarding the Federal Reserve.
The prominent industrialist has additionally discussed his triumphs in converting his friends and relatives to the cryptocurrency.
“I persuaded my wife to mortgage the home she owns and secure a loan in order to acquire bitcoin,” he previously bragged during an interview.
Originally published at https://bitcoinmagazine.com/news/salinas-tells-people-to-escape-fiat.
