On November 23, 2024, Ricardo Salinas Pliegorenowned Mexican businessman and owner of Grupo Salinas, shared on his social networks a message that has generated controversy: “Stay away from paper, currency… buy Bitcoinor just invest in gold.”
With a position that goes against the investments traditional in fiat currencies, Salinas Pliego promotes an alternative that, although seen by some as riskyis gaining ground as a viable option for protecting heritage. But what exactly is the Bitcoin and how does it work? Here we explain it to you.
Read also: “Salinas Pliego must be expropriated” for debts to the SAT, says Paco Ignacio Taibo II; asks Sheinbaum to be self-critical
According to the BBC, Bitcoin is a decentralized digital currency, created in 2009 by a person or group under the pseudonym Satoshi Nakamoto. Unlike traditional currencies, such as the dollar or the euro, Bitcoin no it depends from any central institution, such as a bank or government, for issuance or regulation.
This means that it is not subject to policies monetary traditional, which attracts many investors looking for an alternative to traditional money.
One of the most attractive features of Bitcoin is that it is based on a technology called “blockchain” or blockchain, which guarantees the security and transparency of transactions.
This system allows any Bitcoin transfer to be recorded in a public ledger accessible to everyone, reducing the risk of fraud, according to the Bitcoin site itself.
The value of Bitcoin has been very volatile since its creation. In its early years, the price of a single Bitcoin was less than one dollar, but over time it has reached values that exceed 60,000 dollars at certain times, which has attracted investors and speculators seeking to take advantage of market fluctuations.
Photo: iStock
Read also: “It is enough for me to travel by helicopter”; Salinas Pliego responds to Taibo’s call to expropriate him
How does Bitcoin work and how can you invest in it?
The operation of Bitcoin is based on a decentralized network of computers known as “nodes.” Every time a person makes a Bitcoin transaction, it is verified and recorded on the blockchain, a process known as “mining“. Mining is carried out by people who use powerful computing equipment to solve complex mathematical problems and, in exchange, receive new coins.
To buy Bitcoinpeople can do so through exchange platforms known as “exchanges”, where cryptocurrencies can be bought and sold. Some of the most popular platforms include Binance, Coinbase, and Kraken. To make a purchase, you need creset an account On these platforms, deposit funds in traditional currency or other cryptocurrencies and then exchange them for Bitcoin.
He Bitcoin can be stored in adigital wallet“, which can be online, on a physical device or even in a “cold wallet”, which is not connected to the internet, which increases security against cyber attacks. The key to access Bitcoin is private and, if loses, access to funds is lost.
Salinas Pliego’s recommendation to move away from traditional money and consider Bitcoin as an investment option reflects a growing trend among some businessmen and economists who see cryptocurrencies as an alternative to inflation and global economic instability.
However, investing in Bitcoin It should be done with caution, considering both its benefits and risks. Like any investment, it is important to do your research and understand how it works before making financial decisions.
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**Dr. Ramirez, some argue that Bitcoin’s decentralization makes it immune to government manipulation, while others argue its lack of regulation exposes it to vulnerabilities. What is your analysis of Bitcoin’s susceptibility to external influences and how does this factor into its potential as a safe haven?**
## Bitcoin: A Safe Haven or Risky Gamble?
**An Interview with Financial Experts**
**Introduction:**
The recent statement by Mexican businessman Ricardo Salinas Pliego advocating for Bitcoin as a safeguard against economic instability has sparked debate about the viability of cryptocurrencies as a safe haven for investment. To delve deeper into this issue, we have the pleasure of welcoming two distinguished guests:
* **Dr. Elena Ramirez:** Professor of Economics at the Autonomous University of Mexico, specializing in Fintech and international finance.
* **Mr. Miguel López:** Certified Financial Planner and investment advisor with over 15 years of experience in traditional and alternative assets.
**Section 1: Understanding Bitcoin**
* **Dr. Ramirez, could you explain to our audience what Bitcoin is and how it differs from traditional currencies?**
* **Mr. López, Bitcoin’s value has been known to fluctuate dramatically. What are some of the factors that contribute to this volatility?**
**Section 2: Investing in Bitcoin: Risks and Rewards**
* **Dr. Ramirez, Mr. Salinas Pliego suggests moving away from “paper” money. What are your thoughts on this statement, and what are some of the potential risks investors should consider before entering the Cryptocurrency market?**
* **Mr. López, for someone who is interested in diversifying their portfolio by including Bitcoin, what advice would you give them in terms of risk management and responsible investment strategies?**
**Section 3: The Future of Bitcoin and Cryptocurrency**
* **Dr. Ramirez, Bitcoin has gained increasing acceptance in certain sectors. What do you see as the long-term potential for Bitcoin and other cryptocurrencies in the global financial system?**
* **Mr. López, considering the current geopolitical and economic landscape, do you believe cryptocurrencies will gain further momentum or face significant challenges in the coming years?**
**Closing Remarks:**
* **Thank you both for sharing your valuable insights with our audience. To our viewers, remember that investment decisions should be made after careful consideration and consultation with qualified financial advisors.**
This interview structure aims to:
* **Provide a balanced perspective by featuring experts with diverse viewpoints.**
* **Explain complex financial concepts in an accessible manner for a general audience.**
* **Encourage critical thinking and thoughtful discussion about the evolving world of finance.**
This structure using open-ended questions allows for rich dialog and explores multiple facets of the topic, ultimately providing our audience with a more comprehensive understanding of Bitcoin and its potential role in the financial future.
