The price of Bitcoin rose after billionaire Ricardo Salinas Pliego said his bank was working to become the first Mexican lender to accept the digital currency.
The price of bitcoin climbed to $34,805.19 on Monday, up 8 percent from 5 p.m. ET on Friday, according to CoinDesk. The cryptocurrency lost almost half its value. It has since hit a record high of more than $63,381.20 in mid-April. Amid a wave of speculation from high-profile backers, including Tesla Inc Chief Executive Elon Musk.
Salinas Pliego tweeted over the weekend that he suggested bitcoin “me and my bank are working to become the first bank in Mexico to accept #Bitcoin,” he added.
a few hours later He tweeted again in Spanish to say that cryptocurrencies are a good way for investors to diversify their holdings. “I think every investor should start learning about cryptocurrencies and their future, at @BancoAzteca we are working to bring it to our customers,” the post said.
Banco Azteca SA representatives did not immediately respond to requests for further details or comment.