Billionaire Orlando Bravo Owns Bitcoin, Says ‘It can Increase considerably, I’m terribly Bullish’
Oct 1, 2021 06:12 UTC
Oct 1, 2021 at 06:12 UTC
Orlando Bravo, the wealthy one who co-founded personal fairness agency Thoma Bravo, says he’s terribly optimistic on bitcoin, anticipating the cryptocurrency to “increase considerably.” He described: “Crypto is simply an excellent system. It’s resistance. It’s decentralized. And young people need their own financial set-up. therefore it’s here to remain.”
Billionaire capitalist ‘Very Bullish’ on Bitcoin
Orlando Bravo, co-founder and managing companion of personal fairness agency Thoma Bravo, talked about bitcoin on Wednesday at CNBC’s Delivering Alpha convention. His complete price as of Sept. 29 is $6.3 billion, consistent with Forbes. Bravo is reportedly the first Puerto Rican-born wealthy individual.
“How may you not love crypto?” he aforementioned on the convention, elaborating:
“Crypto is simply an excellent system. It’s frictionless. It’s decentralized. And young people need their own financial set-up. therefore it’s here to stay.”
“The underlying technology of blockchain, no matter what protocol or what system you’re building upon, will be terribly powerful and typically provides higher use cases than empirical packages,” the billionaire capitalist accessorial.
In July, Thomas Bravo participated in an exceedingly funding spherical for FTX buying and selling Ltd., proprietor and operator of the cryptocurrency alternate FTX.
Bravo conjointly disclosed Wednesday that he has in individual invested with in bitcoin, stating:
For me, it’s fairly simple. A whole lot of of us are progressing to make use of throughout the future than lately, and it’s going to be extra established. Institutions are merely commencing to go there, and as soon as that occurs, I really feel it’ll improve significantly over time. I’m Very Bullish.