Bitcoin News

Billionaire Orlando Bravo Has Bitcoin Investment And Has Bullish Thoughts

Billionaire Orlando Bravo is the co-founder and managing partner at private equity firm Thoma Bravo. Furthermore, in recent speech has reveals he has investments in cryptocurrency.

He goes on to say the flagship crypto bitcoin will see value spike in the next few years. Notably, Bravo mentions that this will be due to influence from institutional adoption.

While Speaking at CNBC’s Delivering Alpha conference, the billionaire says…

“How could you not love crypto? Crypto is just a great system. It’s frictionless…”
“…It’s decentralized…
….And young people want their own financial system. So it is here to stay.”

Also, Bravo goes on to say he sees bitcoin’s underlying blockchain technology will provide good use cases. Saying its a very powerful system, He makes comparison with the data-based system.

“sometimes provide better use cases than data-based software.”

Also, Related Posts – AMC Theatres Explores Accepting Dogecoin, CEO Sees Awing DOGE Poll Results

Furthermore, Bravo notes that blockchain can do this regardless of that protocol or system it uses.
More so, CNBC reports that Bravo’s private equity firm is recently part of a Series B funding round.

Of course, this is for the cryptocurrency exchange FTX with $18 billion value.

Bravo says,
“Institutions are just beginning to go there, and once that happens,…”
“…I think it will increase significantly over the years. I’m very bullish.*

Multiple Reports shows several companies are moving into the crypto space such as Square, MicroStrategy, and Tesla. As these companies uses their balance sheets to purchase the asset class as an inflation hedge.

For Instance, Investment banks as Morgan Stanley starts offering BTC to some of their clients. This is why Bravo is bullish on the flagship currency.

Records shows that Morgan Stanley investment funds purchased bitcoin at $40,000 level this year. Also, since after that, the investment funds keeps on doubling down its BTC exposure.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.