Salinas: Fiat Inflation is a Hidden Tax, Buy Bitcoin

Mexican billionaire Ricardo Salinas has once again urged his followers to escape fiat currency and invest in Bitcoin. In a recent video on X, he described fiat inflation as a 'hidden tax' that governments use to erode people's savings.

'Fiat inflation is a hidden tax,' Salinas said. 'Don't be fooled: learn, protect your savings, and defend your freedom, buy... bitcoin and hold it.'

This is not the first time Salinas has spoken out against government monetary policy and in favor of Bitcoin. In recent years, he has increased his allocation to the asset from 10% to 70% of his portfolio.

Salinas has been vocal about his criticism of central bank money creation, describing traditional money as 'the fiat fraud' and accusing governments of printing money out of thin air.