Mexican businessman and multi-billionaire Salinas Pliego told reporters in an interview why he considers bitcoin a more promising means of payment and storage than fiat currencies. The conversation with the entrepreneur was published by Bitcoin Magazine.

According to the entrepreneur, the main disadvantage of fiat currency is the lack of any guarantee that the funds stored therein will not be seized by the state. That is why the authorities of most countries in the world refuse to relax when it comes to facilitating the use of bitcoin.

Pliego pointed out that the decentralized issue and independence of the first cryptocurrency from the states makes its prohibition or control almost impossible. In addition, bitcoin can be transferred from one point to another without the involvement of third parties. As for fiat currencies or gold, you can't do without an intermediary, the billionaire said.

In conclusion, the Mexican businessman urged people from around the world to focus on accumulating basic knowledge about the features of money and fiat. The information they get will help them realize how valuable bitcoin is, Pliego believes.