Orlando Bravo, billionaire and co-founder of asset management company Thoma Bravo, said he believes in the adoption of cryptocurrencies by institutional investors.
During the Delivering Alpha conference, Orlando Brabo emphasized that distributed ledger technology is “extremely powerful” and can be used in a wide variety of areas.
“How can you not love cryptocurrencies? It’s such a cool system. It works without delay and without intermediaries. It is decentralized. Young people want their own financial system, and cryptocurrencies are great for this role. And institutional investors are starting to invest in digital currencies. And with increasing adoption, the industry will continue to grow, grow significantly. I am very positive, ”said the billionaire.
Thoma Bravo supported FTX in its Series B funding round. In addition, Bravo noted that he personally invested in bitcoin. True, he did not disclose the date of purchase of BTC and the amount of investments.
Earlier, Bloomberg Intelligence analyst Mike McGlone expressed confidence that the bitcoin rate is preparing to march to $ 100,000, and this mark BTC can reach this month.
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