Mexican Billionaire, Who Set Up One of the Nation’s Top Banks, Called Dollar-Like Fiat Money The ‘Biggest Fraud’ And Sees Bitcoin As The Only Escape
Posted On September 20, 2025
Mexican business tycoon Ricardo Salinas Pliego has been vocal about his unwavering faith in Bitcoin (CRYPTO: BTC) while voicing an equally strong disdain for fiat currencies.
Fiat Is A Fraud, Banks Are Not Safe, Says Salinas
During an interview with Bitcoin maximalist Robert Breedlove, Salinas described fiat as the “biggest fraud” and said that the only way to escape it is through Bitcoin.
Salinas, who co-founded one of Mexico’s biggest commercial banks, Banco Azteca, said that people are mistaken if they feel money deposited in a bank is safe.
“People think that they took the money to the bank, put it there, and that it’s probably sitting in a vault in the backside of the bank. It’s not like that,” Mexico’s …
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