On U.S. Dollar Inflation Bitcoin Billionaires Sound Alarm

  • Mexico’s Salinas puts 60% of cash in Bitcoin, related value
  • Bravo says computerized money tricking benefits, sovereign riches

Tycoons Ricardo B. Salinas and Orlando Bravo involved an appearance at the Bitcoin 2022 gathering in Miami to caution about the risks of U.S. dollar expansion.

“I have a major resentment against fiat, I call it the fiat extortion,” Salinas, the proprietor of Mexico’s Banco Azteca, said Thursday. He retold the narrative of how his compensation as a youthful MBA graduate in Mexico during the 1980s declined from around $2,000 per month to only $20 over a time of six years, adding “that is excessive inflation.”

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