Bitcoin has been the focus of much attention amid today's digital currency craze. Recently, Mexico’s third richest man made a stunning self-introduction on Twitter, directly mentioning Bitcoin as one of his signature identities. This move once again sparked discussions about the "Musk Effect" and sparked heated discussions among all sectors of society about the future development of digital currency.

 The digital currency craze set off by the Musk effect

Musk, as the founder of Tesla and SpaceX, has always been a trendsetter in the technology industry. His words and deeds can create huge waves in the market, nicknamed the "Musk effect." When Musk started mentioning Bitcoin frequently on Twitter, the price of the virtual currency soared. Many others have followed suit in an attempt to profit, and the situation has even spread to Mexico’s third richest man.

 The third richest man in Mexico introduces himself in Bitcoin

The third richest man in Mexico uses Bitcoin as part of his self-introduction not only because of the popularity of digital currencies, but also because of his forward-looking insights into the future financial situation. The rich man believes that Bitcoin represents the future direction of currency development and has huge potential for value-added. By publicly showing his Bitcoin holdings on Twitter, he not only demonstrated his wealth and strength, but also sent a signal to the world: the digital currency era has arrived, and we must keep up with the trend.

 The future development trend of digital currency

As digital currencies such as Bitcoin continue to appreciate, more and more people are paying attention to this area. The shocks and uncertainties of the traditional financial system have caused people to seek new investment methods, and digital currencies have become an option that has attracted much attention. In addition to Bitcoin, there are many other types of digital currencies emerging on the market, attracting the attention of investors. In the future, digital currency is expected to become a powerful force in the financial field, redefining our understanding of wealth and value.

 The impact of Musk effect on the digital currency market

As an influential figure, Musk's words and deeds can influence the direction of the market. His attitude towards Bitcoin not only affects the price fluctuations of digital currencies, but also shapes the public’s perception of digital currencies to a certain extent. As more big names join the digital currency bandwagon, this influence will continue to grow. The continuation of the Musk effect will continue to promote the development of the digital currency market and bring more attention and opportunities to this emerging field.

 Conclusion

In the era of surging digital currency, the Musk effect is like a powerful driving force, leading the change and development of the market. The third richest man in Mexico uses Bitcoin as part of his self-introduction. This is not only a recognition of digital currency, but also a way to show his forward-looking vision to the world. The future of digital currency is full of challenges and opportunities. We need to stay vigilant, seize opportunities, and welcome this new financial era. The continuation of the Musk effect will continue to promote the development of the digital currency market and bring us more surprises and possibilities. May we all gain our own wealth and achievements in this dynamic and innovative field.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

The trend of changing Twitter self-introduction to Bitcoin was first started by Tesla founder Elon Musk
Musk) and so on, and this trend also spread to Mexico. According to Forbes' 2020 Rich List, Salinas, the 106th richest man in the world with a net worth of US$11.7 billion, added the Bitcoin label to his Twitter introduction last Sunday to express his views to his 847,000 fans. Bitcoin love.

Salinas is the founder and chairman of Mexico's Group Salinas, whose subsidiaries include Mexican retail giant Group Elektra (EKT) and the country's second-largest television broadcaster TV
Azteca (AZTECACAP). At the same time, Group Elektra also operates Banco Azteca, one of the largest banks in Mexico.

Twitter celebrity effect

Since Musk's net worth and popularity have soared last year, his words and deeds have begun to affect the global investment market. On the afternoon of January 29, he suddenly changed his Twitter introduction to: Bitcoin, setting off a trend in the community.

In addition to causing the price of Bitcoin to surge by nearly 20% in two hours, Musk's behavior has also attracted many celebrities to follow suit.

For example: Twitter founder Jack Dorsey, American YouTuber famous for his high-budget videos
MrBeast, and Anthony Scaramucci, founder of SkyBridge Capital, a large hedge fund that just launched a Bitcoin fund in January
), and Reddit co-founder Alexis Ohanian, all self-introduction narratives have now been changed to bitcoin.

However, the social influence of the second richest man in Mexico is obviously far less than that of the richest man in the United States. According to Trading
According to View data, on February 7 (UTC time), the price of Bitcoin dropped from the initial price of US$39,274 to the lowest price of US$37,412 on the same day, a decrease of approximately 4.7%. His change of self-introduction did not succeed in stimulating bullish sentiment in the community.

Bitcoin Positioning: Medium of Exchange Becomes Store of Value

It is worth noting that Salinas is not just following the trend of buying Bitcoin, but has been studying Bitcoin for a long time. He initially viewed Bitcoin as a medium of exchange, but now feels that Bitcoin is a store of value.

As early as 2013, Salinas bought his first batch of Bitcoins at a price of US$200 and held them all the way until 2017, when he finally cleared all his positions at a price of US$17,000. After the Bitcoin market turned into a bear market in 2017, Salinas seized the opportunity to build a position again in 2018. He purchased a large amount of Bitcoin at an average price of US$9,000.

In November last year, Salinas revealed that Bitcoin accounted for 10% of his liquid assets, and that he had no plans to exit the market in the near future and wanted to hold Bitcoin for another 5-10 years.

Salinas further pointed out that the advantage of Bitcoin is that it will not depreciate and will not be easily suppressed and lose value.

He believes that Bitcoin is particularly attractive in Latin American markets, where fiat currencies have been devaluing and inflation continues to surge, and Bitcoin is a hedge against these rampant phenomena.

“It’s a film set in a Latin American country where banks are throwing money into the trash because it’s worthless. It’s also a reflection on why there are pros and cons to diversifying your investment portfolio, starting with adding Bitcoin. Coins start."