Baxia Markets
June 29, 2021

Mexico News Pushes Bitcoin Up

fundamental analysis top header -01


Bitcoin climbed up 6%, to $34,000 early Monday. Although it’s still far from its peak value of $63,381 in mid-April, it sure is way better than the $28,000 dip we saw last week. Mexican banker/billionaire Ricardo Salinas Pliego tweeted over the weekend, recommending the use of Bitcoin to average investors. “Me and my bank are working to be the first bank in Mexico to accept #Bitcoin,” he said in his tweet.





Following his statement of getting his bank to accept Bitcoin, he also tweeted in Spanish to encourage people to invest in Bitcoin as a way to diversify their portfolios. “I think that any investor should start learning about cryptocurrencies and their future. At @BancoAzteca we are working to bring them to our clients,” the post said. As the chairman of Banco Azteca’s parent company, Salinas Pliego, with a net worth of $15.8 billion, his words carry a lot of weight. 


We love to hear new ideas from traders and want to know what you think! 


If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.


Open Live Account  


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 


Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. 

Subscribe by Email