Mexico's third richest billionaire warns of severe dollar inflation — says buy Bitcoin to 'save your skin'

04/11 03:05

According to Bitcoin.com, the third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. “What they are doing is making fake money out of thin air and loaning it out to create a purchasing power to the tune of, we’re now, $9 trillion of fake savings made by the Federal Reserve,” the billionaire described, adding: "The creation of fake credit which equals purchasing power has been astounding. The problem is because the dollar is the reserve currency of the world, can’t do anything about it. You can’t go out of the dollar — unless you go to Bitcoin."

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