Billionaire Orlando Bravo Owns Bitcoin, Says ‘It can Increase considerably, I’m terribly Bullish’

By&nbspClark

Orlando Bravo, the rich person who co-founded private equity firm Thoma Bravo, says he’s terribly optimistic on bitcoin, expecting 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 partner of private equity firm Thoma Bravo, talked about bitcoin on Wednesday at CNBC’s Delivering Alpha conference. His total worth as of Sept. 29 is $6.3 billion, in step with Forbes. Bravo is reportedly the primary Puerto Rican-born rich person.

“How may you not love crypto?” he aforementioned at the conference, 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 round for FTX trading Ltd., owner and operator of the cryptocurrency exchange FTX.

Bravo conjointly disclosed Wednesday that he has in person invested with in bitcoin, stating:

For me, it’s pretty straightforward. A lot of folks are progressing to use within the future than these days, and it’s going to be more established. Institutions are  simply commencing to go there, and once that happens, I feel it’ll increase considerably over the years. I’m Very Bullish.