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Mexican billionaire Ricardo Salinas says Bitcoin is the only alternative to fiat

Ricardo Salinas described fiat currency as "the biggest fraud" and argued that Bitcoin offers a way out, according to the source text.

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Terms & Concepts
  • Fiat currency: Government-issued money that is not backed by a physical commodity such as gold, and relies on state authority and public trust.
  • Bitcoin: A decentralized digital currency that operates on a blockchain (shared digital ledger) without central bank control.