Bitcoin
Orlando Bravo, a billionaire, owns Bitcoin and says ‘It will increase significantly, I’m very bullish’
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Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, says he is very bullish on bitcoin, expecting the cryptocurrency to “increase significantly.” He described: “Crypto is just a great system. It is completely transparent. It’s decentralized. Young people want their financial system. So it is here to stay.”
Billionaire Investor ‘Very Bullish’ on Bitcoin
Orlando Bravo is the co-founder of private equity firm Thoma Bravo and is also the managing partner. He spoke about bitcoin Wednesday at CNBC’s Delivering Alpha conference. His net worth as of Sept. 29 is $6.3 billion, according to Forbes. Bravo is believed to be the first Puerto Rican billionaire.
“How can you not love crypto?” he stated at the conference.
Crypto is just a great system. It is completely frictionless. It’s decentralized. Young people want their financial system. It is here to stay.
” The underlying technology of Blockchain, no matter what protocol or system you use, can be extremely powerful and provide better use cases than data-based Software,” the billionaire investor said.
In July Thomas Bravo participated in a round of funding for FTX Trading Ltd. (owner and operator the cryptocurrency exchange FTX).
Bravo also disclosed Wednesday that he had personally invested in Bitcoin.
For me, it’s pretty simple. It’s likely that more people will use it in the future, and it will be established. Institutions are only beginning to move in this direction, and I believe it will continue to grow over the years. I am very bullish.
What do you think about billionaire Orlando Bravo’s comments on bitcoin and crypto? Please comment below.
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