Mexico’s Third Wealthiest Man Says Bitcoin Is A Better Alternative To Fiat Money – Here’s Why
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These past years presented numerous transformations in the finance industry. And with the rise of bitcoin, more powerful financial technologies – including the influential figures behind them – are changing our concept of money and challenging the financial institutions that presently manage it.
For instance, the third-richest person in Mexico, Ricardo Salinas, said that bitcoin is a better option than fiat money.
The billionaire’s reason? Digital currency is “unseizable” by a regulatory force and can be exchanged easily around the world, unlike fiat.
**Government Clout**
Government intervention has always been a factor in setting the gold standard, Salinas said. “Everything we have by fiat is completely seizable by the government,” he explained.
Read More at [https://bitcoinist.com/mexicos-third-wealthiest-man-says-bitcoin-is-a-better-alternative-to-fiat-money-heres-why/](https://bitcoinist.com/mexicos-third-wealthiest-man-says-bitcoin-is-a-better-alternative-to-fiat-money-heres-why/)
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