Mexico's billionaire invests in Bitcoin

[TopT3ns]

Avoiding tax or whatever his concern, i am sure that he invested in bitcoin because he sees great potential in it. Now that a billionaire is into bitcoin, probably this will open more opportunities to other wealthy persons or huge institutions to start on studying about bitcoin and crypto and embrace its potentials that it will definitely grow its market value in the years to come.

well, one of them is with bitcoin which has no tax at all and has the potential to profit from bitcoin price movements so a lot of investors are starting to get into bitcoin again and of course this will have a good impact on bitcoin prices which will rise because demand increases .

[harizen]

... probably this will open more opportunities to other wealthy persons or huge institutions to start on studying about bitcoin and crypto and embrace its potentials that it will definitely grow its market value in the years to come.

Actually, big individuals already have a glimpse of the potential of bitcoin for a long time. They already aware of the pros and cons of having bitcoin as an investment but what stopped them from putting money on crypto? Or they already have a bit but not just announcing it.

However, from an investor's perspective, they are not really into volatile subject. Look at this billionaire in the topic, it's just his 10% of the liquid portfolio. Not even meant for holding but maybe testing the waters aside from his "own purpose" why he put money on bitcoin.

This billionaire might also have this bitcoin for a long and just recently revealed it.

[BuNga_cute]

This is only the effect that happened as a result of Paypal accepting Bitcoin, thus making several Billionaires around the world become interested in Bitcoin.
So it should come as no surprise that there is good news that the second richest man in Mexico recently invested in Bitcoin. And this will have a snowball effect,
which makes billionaires from other countries interested in investing in Bitcoin as well. Please see the demand for Bitcoin will increase, and make the Bitcoin price even higher.

[DrG]

This is only the effect that happened as a result of Paypal accepting Bitcoin, thus making several Billionaires around the world become interested in Bitcoin.
So it should come as no surprise that there is good news that the second richest man in Mexico recently invested in Bitcoin. And this will have a snowball effect,
which makes billionaires from other countries interested in investing in Bitcoin as well. Please see the demand for Bitcoin will increase, and make the Bitcoin price even higher.

No billionaire was swayed by the Paypal news. The mere fact they are billionaires means they themselves could move markets. If Buffet stated he bought a sizable amount of Bitcoin you would see Bitcoin surpass 100k. The whole point of the announcement was to set up a competition for other billionaires to compete in obtaining stakes. It's the same crap with the fine art market. Most of these billionaires don't even bother displaying the Picasso and Rebrandts they buy - they just keep it in a safe knowing it's a limited commodity. They make sure to announce the purchase after they bought.

[LogitechMouse]

Liquid wealth = money that hasn't been invested into other assets so in short fiat money right? Correct me .

Either way, a billionaire investing into Bitcoin created a hype in the Bitcoin's price causing some of the investors to invest into it for sure. Rich people and various institutions are slowly investing into Bitcoin one by one so expect for more of them to come and invest.

Maybe we can see reaching new ATH by Christmas . I would be happy to see that scenario happening.

[proTECH77]

Bitcoin is a decentralized currency which anyone can use to invest and make a good profit. Bitcoin is still proving to other investors who think bitcoin cannot give a good profit that will make someone to become the richest in the world. Many billionaire are now using bitcoin to invest to make more money that will  make them the richest in their country, since the profit they are getting now from bitcoin is more bigger than the one they were making from fiat money which is very small profit compare to the one bitcoin is bringing every month.
Mexico billionaire who just newly started bitcoin investment is wondering how fast and steady the investment is, for someone to use it to  make a good profit without fear of scammer who are use to fiat money but they don't have any idea on bitcoin investment. Many billionaires in other countries  has been testify how good the investment is, if it come to profit making, bitcoin is the best among other business in the country.

[Kakmakr]

It is always nice to see when high profile people and celebrities acknowledge on social media that they are invested in Bitcoin, because these people have a lot of followers and they give Bitcoin some "free" advertising, when they do that.

Any serious investor or trader would be stupid if they did not invest a small portion of their portfolio into Bitcoin, because a well balanced Portfolio will always include some degree of high risk investments. In my opinion, Bitcoin is a high risk/high yield investment and it has been the best performing "Commodity/Currency" for many years now.  

[Kong Hey Pakboy]

Bitcoin is a decentralized currency which anyone can use to invest and make a good profit. Bitcoin is still proving to other investors who think bitcoin cannot give a good profit that will make someone to become the richest in the world. Many billionaire are now using bitcoin to invest to make more money that will  make them the richest in their country, since the profit they are getting now from bitcoin is more bigger than the one they were making from fiat money which is very small profit compare to the one bitcoin is bringing every month.
Mexico billionaire who just newly started bitcoin investment is wondering how fast and steady the investment is, for someone to use it to  make a good profit without fear of scammer who are use to fiat money but they don't have any idea on bitcoin investment. Many billionaires in other countries  has been testify how good the investment is, if it come to profit making, bitcoin is the best among other business in the country.

I think billionaires is not only investing or buying bitcoin to gain profit, that they are investing in bitcoin to have benefits from it in the future. Many people do find bitcoin as a great investing opportunity, even it is not regulated by the government or the authorities due to it's decentralization because of its benefits that you can avoid paying high banking fees, accessibility, mobile payments, etc.

[Coyster]

Now that a billionaire is into bitcoin, probably this will open more opportunities to other wealthy persons or huge institutions to start on studying about bitcoin and crypto and embrace its potentials that it will definitely grow its market value in the years to come.

He is definitely not the first Billionaire to invest in Bitcoin, there are many more, and mind you that a lot more wouldn't make it public if they invest in btc, for some reasons; and for "huge institutions", many companies are already joining the Bitcoin network and that can be one of the reasons why the price is appreciating fast at this time, imo, the BTC network is now so alluring to investors and even traditional institutions, and that's great for adoption.

Maybe we can see reaching new ATH by Christmas . I would be happy to see that scenario happening.

It's not impossible, but even if it's not achieved in this said time, it will by early 2021. When btc crosses 20k, then we can now see if it'll continue to spike high, or if there'll be a major fall, or if quite a large number of people will pull out, there are so many questions and things to look out for, and it's somewhat interesting for we Bitcoiners, bearing in mind you didn't invest more than you can afford to lose.

[carlisle1]

If this is indeed then i surely believe that many Bitcoin enthusiast and supporter are now in Good faith that after many issues still Bitcoin is trustworthy and richest people in the world is investing inside,No wonder that the next richest man in the world from other countries are now thinking about investing here also.

Liquid wealth = money that hasn't been invested into other assets so in short fiat money right? Correct me .

Either way, a billionaire investing into Bitcoin created a hype in the Bitcoin's price causing some of the investors to invest into it for sure. Rich people and various institutions are slowly investing into Bitcoin one by one so expect for more of them to come and invest.

Maybe we can see reaching new ATH by Christmas . I would be happy to see that scenario happening.

actually i am thinking that the ATH may happen soon before December,and we are seeing many good movements this past week .

[matchi2011]

Avoiding tax or whatever his concern, i am sure that he invested in bitcoin because he sees great potential in it. Now that a billionaire is into bitcoin, probably this will open more opportunities to other wealthy persons or huge institutions to start on studying about bitcoin and crypto and embrace its potentials that it will definitely grow its market value in the years to come.

well, one of them is with bitcoin which has no tax at all and has the potential to profit from bitcoin price movements so a lot of investors are starting to get into bitcoin again and of course this will have a good impact on bitcoin prices which will rise because demand increases .

Most  probably this investors learned how to play, he seen the potential and creating spark will bring more interest to his investment
venue, there are many institutional investors who will also see the same thing.

With that, expect that many will follow and businesses will continue to adopt the system, we can assume that this current bull will be
more stronger and will bring benefits to all those who beleives and hold.

[so98nn]

From the above, the 166th richest individual in the world, believes fiat currencies are constantly devaluing and I agree with that, saving money in the bank/holding fiat now feels wrong to quite a lot of people,

We need such investors to enter the market now and then for the sake of keeping liquidity of bitcoin at its peak.  
Considering the current surge of the bitcoin market cap now stands at it's peak and need liquidity to overcome the sell orders that may fill up the pot of real fast.

Of course now this Mexican man might have just entered to multiply his wealth but indirectly he is giving us another backbone to make the crypto space stronger space.

Moreover, in this time we will see multiple news and personalities leaving us shocked as to how much money being pooled into and out of the market. Good for the small to middle traders really.

[traderethereum]

Bitcoin is a decentralized currency which anyone can use to invest and make a good profit. Bitcoin is still proving to other investors who think bitcoin cannot give a good profit that will make someone to become the richest in the world. Many billionaire are now using bitcoin to invest to make more money that will  make them the richest in their country, since the profit they are getting now from bitcoin is more bigger than the one they were making from fiat money which is very small profit compare to the one bitcoin is bringing every month.
Mexico billionaire who just newly started bitcoin investment is wondering how fast and steady the investment is, for someone to use it to  make a good profit without fear of scammer who are use to fiat money but they don't have any idea on bitcoin investment. Many billionaires in other countries  has been testify how good the investment is, if it come to profit making, bitcoin is the best among other business in the country.

I think billionaires is not only investing or buying bitcoin to gain profit, that they are investing in bitcoin to have benefits from it in the future. Many people do find bitcoin as a great investing opportunity, even it is not regulated by the government or the authorities due to it's decentralization because of its benefits that you can avoid paying high banking fees, accessibility, mobile payments, etc.

Indeed. Those billionaires realize that bitcoin is the next opportunity to gain profit while still having time to buy bitcoin in a large amount.
Once the price starts to increase, they will not be able to buy a big amount of bitcoin, although they still can, but it is better to invest in bitcoin.
Maybe if the bitcoin price can rise so high, it can make people realize that bitcoin gives them the way to make big money from investing in bitcoin, so they don't underestimate bitcoin again.
They will see the power of bitcoin, and they will start to invest in bitcoin, and I think that will not just happen to people in Mexico, but people from other places will see that too.
But people who don't have much money will follow to invest in bitcoin because they don't want to miss the chance to make money from bitcoin.

[Mauser]

If I was a billionaire I would be buying a lot of Bitcoin's myself. To be honest already with a few millions I would buy as many different assets as possible. Having a well diversified portfolio is key in my opinion to protect your wealth. Crypto currencies and bitcoins in particular should be part of any portfolio. But becoming a billionaire durst would be the issue.

[AjithBtc]

If I was a billionaire I would be buying a lot of Bitcoin's myself. To be honest already with a few millions I would buy as many different assets as possible. Having a well diversified portfolio is key in my opinion to protect your wealth. Crypto currencies and bitcoins in particular should be part of any portfolio. But becoming a billionaire durst would be the issue.

Every billionaire around the world is self made. What they've done is something new in the world or copied what the billionaires have done. Just think of Jackma, he took online stores into the country and the same has made him the billionaire. Have hope and be passionate on what you do, rest will be with the fate.

[RealMalatesta]

The great news is that there is only 0.023 bitcoins for each millionaire in the world. So, there is not enough bitcoins to have one full bitcoin for all the rich people, and that means the more money these richer people buys, that means there is less for millionaires to buy as well, that 0.023 is much much lower because there are plenty of people who hold more than that.

This is why I love bitcoin, sure some rich people may take advantage of the situation and buy a lot of bitcoins when they can, but at the same time the more these guys buy means the less other rich people can buy and that is why the playing field will be leveled between super rich millionaires and the regular folks like me. You may think companies and rich people could manipulate the price, but they can do it at a lesser level than they can in fiat world.

[BTCappu]

the more this happens, the more bitcoin is seen as a sensible diversification option, and the more ultra-rich people buy in.
There is obviously the price manipulation element, too. A billionaire announcing investment in anything tends to swing the price upwards, as they would desire.

Yeah, when a big investor dives in the market he automatically helps the price because as he buys the price goes up and it also creates an impact on others who follow him and people like us who read such articles because then our belief gets stronger and we don't hesitate to invest in bitcoins. He is the 166th richest man in the world if the article is to be trusted and if he is going with 10% for bitcoins, it's really great.

I do not like the idea that billionaires continue to invest their funds in bitcoin. An individual can not influence the price of bitcoin. But the group of a billionaire can easily make the price of bitcoin volatile roughly. The less number from this group involves, the less manipulated bitcoin will be

I don't think so because the market is so monumental that despite a few millionaires coming together cannot move the market by much, if you look at the total market cap then you understand that these investors are not even close to 1% of the total cap and to shake things up they would at least need 40-50% I believe.

[Mahanton]

If I was a billionaire I would be buying a lot of Bitcoin's myself. To be honest already with a few millions I would buy as many different assets as possible. Having a well diversified portfolio is key in my opinion to protect your wealth. Crypto currencies and bitcoins in particular should be part of any portfolio. But becoming a billionaire durst would be the issue.

Every billionaire around the world is self made. What they've done is something new in the world or copied what the billionaires have done. Just think of Jackma, he took online stores into the country and the same has made him the billionaire. Have hope and be passionate on what you do, rest will be with the fate.

Most of the time it is self-made or in other possible reasons is also with inheritance and this isnt something that can really be achieved by anybody in a particular time
which means you do need that great idea, extreme hardwork and wise decision making.Being a billionaire isnt really just for show because you wont really be
reaching out that state if you arent fully aware on businesses or things around you specially in talks of money or anything that has value.
Its no surprising that bitcoin does really ring a bell. 

[2double0]

It is a huge number and I wonder how he got a deal available. And when this is just one billionaire, if others also jump in crypto with their boat loads of cash, what will happen to the average Joe? There will be too much demand which will also skyrocket the price of btc and Bitcoins will be more scarce in number as it will become very limited.

[slapper]

It is a huge number and I wonder how he got a deal available. And when this is just one billionaire, if others also jump in crypto with their boat loads of cash, what will happen to the average Joe? There will be too much demand which will also skyrocket the price of btc and Bitcoins will be more scarce in number as it will become very limited.

What if all those billionaires decide to sell bitcoin? There would be a huge sell off and the price of bitcoin certainly drop hard. And as the result, FOMO will happen affecting most of investors on the market which will form an unhealthy environment. No one wants 2017 to happen again. It was a nightmare to all of us.