Bitcoin Is Superior To Gold, Mexican Billionaire Explains

The crypto market is currently undergoing another correction. At the moment of writing this article, Bitcoin is trading in the red just like the other important digital assets, and the king coin is priced at $38,606.

It’s been revealed that the Mexican billionaire and Bitcoin (BTC) bull Ricardo Salinas revealed a major factor that he believes makes the king coin a better store of value than gold.

In a new interview, Salinas, whose asset portfolio includes 60% “Bitcoin and Bitcoin equities”, says that gold is highly prone to manipulation.

“Here’s the deal – It’s easy to manipulate gold. Just think, the gold price is fixed in London… Look what happened with the London Metal Exchange with nickel the other month. I mean, the whole thing is a fraud across the board.”

The billionaire who serves as the chairman of the Grupo Elektra conglomerate noted that the price of Bitcoin is not as easily manipulable as that of gold.

“Bitcoin doesn’t have the gold problems. You don’t have to carry it around. You don’t have to store it around. And most important, it’s very hard to manipulate the price. Because there are so many places where you can trade it 24 hours a day, all over the world. Not like gold, right.”

It’s been just revealed that an African country has become the second nation on Earth to accept Bitcoin (BTC) and other crypto-assets as legal currency.

Following the example led by Latin American nation El Salvador, the Central African Republic (CAR) has announced it has become the first African nation in the world to legally support cryptocurrencies.

In a recent statement released by the nation, CAR President Faustin-Archange Touadera explained the fact that the African state plans to be a trailblazer in terms of creating a regulatory framework for cryptos such as Bitcoin en route to building a prosperous economy.