“Hugo Salinas Price” his view on Bitcoin

Hugo Salinas Price, long a proponent of silver as sound money – via the issuance of the silver Mexican Libertad, has this to say about the cryptocurrency:

“The Bitcoin has no history, which is the essential element which makes all digital currencies acceptable, utterly false though they are. The Bitcoin is simply a childish distraction for a childlike world population incapable of discerning falsity, much to the satisfaction of all the crooks, big and small, who prosper by scamming the public.

“I remit to Von Mises, who stated that no fiat currency has ever been successfully introduced into circulation without a monetary value ultimately derived from when that currency was gold or silver money. Bitcoin does not fill the bill; it cannot circulate along with the established fiat currencies of the world because it has no history, no ancestry reaching back to its parent, gold or silver.”

Mr. Salinas Price is an enormously successful business leader in the U.S. and Mexico