Miami Bitcoin 2022: Ricardo Salinas has 60% of his capital in BTC; Michael Saylor and Cathie Wood in favor of regulations

While Salinas disclosed that he has 60% of his liquid portfolio invested in Bitcoin, Saylor y Wood reiteran que la moneda digital se revalorizará notablemente en un futuro no muy lejano, ya que el panorama regulatorio le está dando luz verde al ingreso de grandes cantidades de capital capital is most commonly defined as the large sum of money you would use to invest. al mercado BTC.

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El evento Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. 2022 continues to be the talk of its first official day of conferences, and it’s the announcements from several of its attendees that are generating some buzz among ecosystem enthusiasts and followers.

Ricardo Salinas holds 60% of its capital in Bitcoin

Let’s start first with the recent revelation made by Mexican billionaire, Ricardo Salinas, who shared his position on the current state of fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. money and the inflationary problems that nations are going through, where he reported that 60% of his liquid capital is invested in Bitcoin.

Salinas’ revelation came as the billionaire was sharing his experience of Mexico’s financial crisis during the 1980s, which is why he expressed his rejection of the proposals within the fiat sector both locally and internationally:

“I definitely don’t have bonds. In the liquid portfolio a collection of cryptocurrencies or crypto assets held by an investment company, hedge fund, financial institution or individual. I have 60% in Bitcoin and digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency-linked stocks. And then 40% in hard assets like oil, gas a term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price. and gold mining.”

Salinas justified this position by saying that when he left university, he was earning around $2,000 a month, but after the inflationary crisis in Mexico, six years later he was earning $20. He said that everything that is happening now in the U.S. is quite similar to what happened in his home country, and he does not rule out that the purchasing power of U.S. residents could go the same way.

“Bonds are the worst investment, Bitcoin is better.”

When comparing bonds vs. Bitcoin, noted that these are the worst investment among all assets, as it is highly unlikely that investors will be able to recoup the capital invested.

On the contrary, he pointed out that the outlook for Bitcoin are much more outstanding and positive, which is why it has such a large proportion of its investment portfolio in the digital currency.

While Salinas did not specify how much capital is in his liquid portfolio, the announcement makes him the first billionaire from the traditional sectors to be practically involved with investments in Bitcoin.

Finally, Salinas took advantage of the space to make harsh criticisms of fiat money, assuring that hyperinflationary problems mainly affect the most needy, such as the elderly who depend on a pension, as well as people with lower income margins:

“If (I) print money, it’s counterfeit and I go to jail. (But) if the state prints it, the officials are promoted to the finance ministry”.

During the conference entitled “ The future is bright “, Wood and Saylor agreed and emphasized that the regulatory landscape surrounding digital currencies seems much friendlier than in the past. On this, the CEO of MicroStrategy he commented:

“I think the last 12 months have been a 180-degree turn… I think a couple of weeks ago, with the executive order (signed by President Biden), what we had was that the president of the United States really gave the green light to Bitcoin.”

“¡ Don’t sell your Bitcoin!”

After agreeing on this aspect, the floor was taken by Wood who focused part of his participation in the projections for the price of Bitcoin, ensuring that these would be quite favorable for the next 10 years.

Specifically, Wood said that each unit of the digital currency currency is a medium of exchange that defines value. would very likely be worth at least $500,000 USD by 2030, so he argued that this was a key moment to take advantage of by thinking ahead to the not-so-distant future.

Saylor proceeded to close refers to the closing price; similar to the same term used in stock trading. the conversation and shared with the audience the following clarifications:

“If you want to turn USD $250 million into USD $6 billion, buy Bitcoin, not gold… If I had bought USD $250 million in gold, I would have exactly USD $250 million in gold, instead of USD $6 billion in Bitcoin.”

And just before he left the stage, Saylor reached out to comment:

“Don’t sell your Bitcoin.”

• Bitcoin 2022: For Mr. Wonderful, Kevin O’Leary, cryptocurrencies will have good financial and regulatory future
• El Salvador President Nayib Bukele canceled speaking at Bitcoin Miami event due to internal situation in his country
• SEC Officially Approves Bitcoin Futures a futures contract is a standardized legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. ETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. Application Filed by NYSE Arca and Teucrium

Source: TrustNodes ,CryptoBriefing

Version by Angel Di Matteo / DiarioBitcoin

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