Mexican billionaire Ricardo Salinas is at it again.

This time, the third richest man in Mexico told his followers that “fiat inflation is a hidden tax,” and said the way to hedge against it was to buy bitcoin.

Salinas, the former chairman of home appliance and electronics retailer Grupo Elektra and founder of Banco Azteca, urged his followers to opt out and start protecting their savings.

When you work, you trade your time (your life) for money. But when governments create money at will and dilute its value, they steal the time you sacrificed to earn it. Fiat inflation is a hidden tax. Don’t be fooled: learn, protect your savings, and defend your freedom, buy… pic.twitter.com/1l8ZtoFCaA — Don Ricardo Salinas Pliego (@RicardoBSalinas) August 31, 2026

When you work, you trade your time (your life) for money. But when governments create money at will and dilute its value, they steal the time you sacrificed to earn it. Fiat inflation is a hidden tax. Don’t be fooled: learn, protect your savings, and defend your freedom, buy… pic.twitter.com/1l8ZtoFCaA

“Bitcoin changes one fundamental rule: no one can print more just because they want to,” Salinas said in a video on X on Monday.

“While you have to work to earn more money, the system can simply create more of it. Don’t be fooled: learn, protect your savings, and defend your freedom, buy bitcoin and hold it.”

It is not the first time Salinas has warned followers about government monetary policy.

The billionaire posts on X almost daily to millions of followers, and criticism of central bank money creation has become one of his recurring themes in tweets, interviews, conference keynotes, and video messages. That makes his latest post part of a broader, long-running public stance rather than a one-off comment.

In recent years, the entrepreneur has stepped up his criticism of governments and his praise of bitcoin. Earlier this year, he said he had increased his allocation in the asset from 10% to 70% of his portfolio.

Salinas’ bitcoin enthusiasm is rooted in his criticism of central bank monetary policy. Speaking at Bitcoin 2022, Salinas described traditional money as “the fiat fraud.”

“What they are doing is printing money out of thin air, and then making fake purchases,” he said of the Federal Reserve.

The business magnate has also spoken about persuading friends and family to buy bitcoin.

“I convinced my wife to mortgage the house that she has and take a loan to buy bitcoin,” he once said in an interview.

This post first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.