Mexican Billionaire Pushes Bitcoin Price Above $40k With Twitter Mention

Mexican billionaire Ricardo Salinas Pliego added the hashtag “Bitcoin” to his Twitter profile. As a result, on some exchanges, the price of BTC reached $40,960.

In January, his fortune was estimated at more than $13 billion. Pliego is the founder and chairman of Grupo Salinas, a Mexican media conglomerate that includes the television company TV Elektra and consumer electronics firm Grupo Elektra.

Billionaires investing in Bitcoin

In the past few months, Pliego has started to show great interest in the first cryptocurrency, considering it an alternative to paper money. This weekend, Pliego changed his Twitter profile to include the hashtag “Bitcoin.” This was one of the reasons for the growth in the rate of the first cryptocurrency, which reached $40,960 over the weekend.

Pliego said that he first bought Bitcoin at $200 in 2013. The billionaire then sold it in 2017 during a bullish trend, when the cryptocurrency was worth about $17,000. Pliego called Bitcoin his “best investment of all time.” In November, he announced that he had invested 10% of his “liquid portfolio” in bitcoin and the rest in precious metals. According to Pliego, he plans to hold the cryptocurrency for at least five years.

Recall that recently the CEO of Tesla and SpaceX Elon Musk also published several tweets about Bitcoin, as a result of which the BTC price rose by almost $5,000. Later, Musk began to write about Dogecoin, and in a week the price of this cryptocurrency rose by more than 300%. Additionally, Twitter CEO Jack Dorsey launched his own node on the Bitcoin network last week, confirming his confidence in the cryptocurrency.

atozmarkets.com

Mexican Billionaire Pushes Bitcoin Price Above $40k With Twitter Mention

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