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Billionaires Promote Cryptocurrencies, the latest club member is Mexico’s third richest resident
Ricardo Salinas Pliego, Mexico’s third richest person, joins the likes of Elon Musk by taking root in the cryptocurrency space. Pliego, the chairman of conglomerate Grupo Salinas, recently added Bitcoin (BTC) to his Twitter bio, thus showing support for the leading cryptocurrency.
He joins other billionaires like Elon Musk, who actively promotes Dogecoin on his timeline and calls him “People’s Cryptocurrency“ refer.
Pliego, who has an estimated fortune worth $13 billion, made it clear to his over 840,000 Twitter followers that he is an avid Bitcoin supporter. He made this change when the Bitcoin hit the $40,000 mark during a massive rally over the weekend.
Jay Hao, the CEO of crypto exchange OKEx, tweeted on Saturday about Pliegos Profile change, welcomed the billionaire to the Bitcoin community and encouraged others to join the crypto movement.
The billionaire is no stranger to Bitcoin. Pliego announced in Decemberthat he bought his first Bitcoins in 2013, when the cryptocurrency was still trading at $ 200 per coin. He called the coin his best investment ever as he held the cryptocurrency until the 2017 bull run when it was trading at $17,000. Pliego bought back Bitcoins at a lower price and announced that he now holds 10% of his liquid portfolio in BTC. He is a long-term investor and does not intend to sell his Bitcoins too soon.
Bitcoin rose to the $40,000 mark over the weekend, but fell back to $38,000 on Sunday. The leading cryptocurrency is recovering and is trading just above the $39,000 mark at the time of writing. Bitcoin has not yet reached a new all-time high, having reached such a $ 41,960 in the first week of January. However, the recent rally could reach an all-time high and set a new one in the coming weeks.
Elon Musk Continues to Fuel Dogecoin
Tesla and SpaceX CEO Elon Musk has been pushing the Dogecoin (DOGE) in recent weeks. The second richest man in the world believes that DOGE is people’s cryptocurrency, and is sure that it will continue to rise in the coming weeks.
The cryptocurrency has reached a new all-time high due to the hype of Musk and others over the weekend. In a Twitter poll, 71% of respondents supported the Dogecoin rally.
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