Bitcoin (BTC) is definitively the "new gold" for the third richest homo in United mexican states, Ricardo Salinas Pliego.

In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currencies or gold.

Pliego reiterates Bitcoin benefits

Pliego, already well known every bit a Bitcoin proponent, has stuck past his confidence, furthering South America's newfound penchant for the largest cryptocurrency.

"That's totally right, Bitcoin is the new gold, but too much more portable, send Bitcoin is so much easier than having your in pockets gold bars … and i know that I'thousand going to be attacked by gold lovers," he responded to a tweet by MicroStrategy CEO, Michael Saylor.

Saylor had linked to a previous video interview with Pliego in which he argued that Bitcoin easily beats the U.S. dollar when information technology comes to wealth preservation.

Pliego has professed his admiration for Bitcoin on multiple occasions and diverse platforms, including in a dedicated interview with Cointelegraph at the showtime of the year.

When asked by a Twitter user how Mexico could follow Republic of el salvador in making it legal tender, Pliego nonetheless drew a blank.

"No thought," he replied.

As Cointelegraph reported, El Salvador'south new era of legal tender BTC comes into strength in September, while Paraguay is besides making noises about increased use.

XAU/BTC ane-mean solar day candle nautical chart. Source: TradingView

Schiff: No one will buy the $thirty,000 dip

Meanwhile, the debate regarding Bitcoin versus gold remains live and kicking.

Related: Bitcoin in uptrend merely BTC may never beat gold's $10T market cap — ex-NYSE head

Peter Schiff, arguably the most vocal gold bug on Twitter, continues to denounce Bitcoin as vastly inferior to the precious metal.

"Virtually of the Bitcoin buyers who bought the concluding dip below $30K will not buy the adjacent," he claimed in i of 2 tweets on Friday.

"The master buyers will be those who took profits on the bounce. Therefore the next dip will not enjoy nearly as much support. New buyers will likely show up at $20K, but fewer than did at $30K."

A dip to $20,000 or even lower has been acknowledged as a possibility by analysts themselves. This weekend, nevertheless, BTC/USD preserved $30,000 back up afterwards a fresh retest.