Ricardo Salinas Pliego, a Mexican billionaire, has been a vocal supporter of bitcoin, claiming it is a better alternative to fiat money.

Contrary to fiat and the gold standard, Mexico's third wealthiest man stated that bitcoin, the world's leading digital currency, is "unseizable" and can be instantly transferred to any point on the globe.

Bitcoin's peer-to-peer nature makes it much more difficult to ban or control, as it does not require an intermediary who could be subpoenaed by the government.

"Government intervention has always been a factor in setting the gold standard," Salinas explained. "And fiat enables infinite financing."

Pliego, who heads one of the largest conglomerates in the Latin American country, recommended the use of bitcoin last year in response to Michael Saylor, another prominent bitcoin proponent.

Bitcoin has lost the majority of its gains in recent months as a result of China's escalating clampdown on its trade and mining, as well as Tesla and SpaceX CEO Elon Musk's anti-Bitcoin tweets.

According to Pliego, "everything we have in fiat is 100% seizable by the government," implying that it is not in the government's interest to make bitcoin use easy.

Pliego founded and chairs Grupo Salinas, a conglomerate of businesses in the telecommunications, media, financial services, and retail sectors.

Last year, Mexico's central bank issued a statement declaring that cryptocurrencies such as bitcoin are not legal tender and cannot be used in the country's financial system.

The comments came after Pliego declared his intention at the time to make Banco Azteca the country's first lender to conduct bitcoin transactions.

Bitcoin (BTC) is currently trading at $37,354.66, according to Coingecko's monitoring on Friday.

Meanwhile, Pliego stated that his companies were the first to accept bitcoin in their stores, and that they will soon support transactions via the Lightning Network, Bitcoin's layer-2 scaling solution for cheaper and faster payments.

When asked what people should focus on as they begin learning about Bitcoin, Pliego stated that acquiring a firm foundation in the history of money and fiat currency will help them comprehend the BTC value proposition.

The billionaire added that money was invented to facilitate inter-human trade by providing a more liquid and ubiquitous form of value than barter, the original mode of exchange.

He emphasized that bitcoin is a superior form of money to fiat and gold because it possesses additional characteristics.