Another billionaire just invested in bitcoin

[Traderbtcc]

With the recent rise in bitcoin price now, which has successfully drawn attention all over the world, it also caught the attention of a Mexican billionaire who recently invested 10% of his liquid portfolio into bitcoin according to Cointelegraph, the man in person is Ricardo Salinas Pliego who is the second richest man in Mexico, he also shared a video showing banks throwing out garbage bags filled with paper money into a dumpster,looks like he got tired of using paper money after seeing that .

Link to the full article here : https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin/

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

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[Oshosondy]

Bitcoin is still going bullish, and we are still in November, it is very possible bitcoin will hit all time high very soon before 2021, the bitcoin halving could have contributed to this, but practically, whales like grayscale and many others are responsible for the recent price trends. The news is pleasant as it shows how the world are turning to invest on the right coins which are cryptocurrencies and of the cryptocurrencies is bitcoin as the number one that will later go mainstream. Halving could have caused this too, but not really practically, it cause it just in a way people do fomo after halving and investing on bitcoin (but institutions are the ones that are more responsible for it now) this could have led to investors that are investing now to be lured into investing, but although into profitable way of investment.

[qualitywork]

Great news, I hope other billionaires will follow the same as it will push Bitcoin towards it's ATH value but this comes with great risk as well because the more rich people invest into Bitcoin the more it becomes like a gambling wherein they may cashout anything sending shockwaves across the bitcoin's community like whales did last time.

[Vaskiy]

Whenever the market turns bullish more volume of money gets poured into it. This further pumps the market price of bitcoin. Same is taking place at now. Whether the market provides them with the profit isn't prioritised by these people. Anyhow these kind of act also seems good to push the price high and make a new ATH.

[bakasabo]

When I see articles like this, when some very rich person invests huge amount of money on something or buys something, and makes announcement of that, first think that came to my mind is "it's a trap!". Why would someone announce that he spends a lot? Sometimes this persons is in bad financial situation and with such move he just want to get attention to something and sell something for a good price.

If I go now to the street and say "Bitcoin reached 18k, I had 10 coins and exchanged them to fiat". I would immediately got robbed, or would be a person of an interest for tax department.

[Baofeng]

What a click bait headline, Lol.

10% of his liquid asset? maybe that is huge or... NOT.

Anyhow, this bull run makes people believers, however, even us average joe really thinks that these super rich is either dumb or really into bitcoin because we all know how volatile this asset is. But as others have said, any "good or bad publicity is still publicity", 

[Oasisman]

When I see articles like this, when some very rich person invests huge amount of money on something or buys something, and makes announcement of that, first think that came to my mind is "it's a trap!". Why would someone announce that he spends a lot? Sometimes this persons is in bad financial situation and with such move he just want to get attention to something and sell something for a good price.

Something like buying the rumor and selling the news?
For me this isn't a kind of trap, this somehow shows support on Bitcoin, which can help spread the word about Bitcoin so people might be convinced how serious and profitable Bitcoin can be in the long term.
But you could also be right. This Billionaire is now considered as one of the whale, 10% of his liquid portfolio is a huge amount for a Billionaire. So, this could also mean a price manipulation.

[Oilacris]

With the recent rise in bitcoin price now, which has successfully drawn attention all over the world, it also caught the attention of a Mexican billionaire who recently invested 10% of his liquid portfolio into bitcoin according to Cointelegraph, the man in person is Ricardo Salinas Pliego who is the second richest man in Mexico, he also shared a video showing banks throwing out garbage bags filled with paper money into a dumpster,looks like he got tired of using paper money after seeing that .
Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

You can really expect these kind of news and events when bitcoins price is almost into its peak or ATH where it is really that appealing or turn out to be interesting into those people specially to those who are billionaires.

They wont really be missing out the bandwagon and this is what i called risk management yet even he's a billionaire he do still consider on putting only 10% of his assets which is really a wise thing to be done.

Expecting for some bull run? We are heading there but dont expect much that there would be no crash or price correction after wards.

[pixie85]

I find this to be normal news in this bull cycle.

The money have to come from somewhere. If we went up by 5000 USD there had to be more than one billionaire taking part in this.

Good for them. I'm sure they will make a lot of profit because they are still very early. In time, when at least 1% of the world population will want to have some bitcoins we'll see the price surge past 100 thousand dollars. And this will only end the early phase because 1% market penetration is nothing. It's basically what a company like PayPal has.

[7788bitcoin]

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

It is possible that the price of bitcoin might hit a new all time high valuation before the end of this year but my mind is still telling that we might see a correction and the price would settle around $15k by the end of this year.

If you look at the pattern in which these kind of news appears you will understand what is going on, when the market is going down you will hear people trying to tarnish bitcoin and the uncertainty and whenever the price starts to rise you will hear pin drop silence from these negative news and you will only hear billionaires investing in bitcoin  .

[ultrloa]

With the recent rise in bitcoin price now, which has successfully drawn attention all over the world, it also caught the attention of a Mexican billionaire who recently invested 10% of his liquid portfolio into bitcoin according to Cointelegraph, the man in person is Ricardo Salinas Pliego who is the second richest man in Mexico, he also shared a video showing banks throwing out garbage bags filled with paper money into a dumpster,looks like he got tired of using paper money after seeing that .

Link to the full article here : https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin/

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

This is indeed a  good news since imagine bitcoin has been notice by billionaire around the world. But I'm curious if he is new on bitcoin industry and what he feel right now while the market is pulling back a little bit since for sure if he buy at the price yesterday then he is at negative right now. But hopefully he will not get panic and have patience for the current dump happen since we are expecting the ATH to be reached.

[hatshepsut93]

When I see articles like this, when some very rich person invests huge amount of money on something or buys something, and makes announcement of that, first think that came to my mind is "it's a trap!". Why would someone announce that he spends a lot? Sometimes this persons is in bad financial situation and with such move he just want to get attention to something and sell something for a good price.

If I go now to the street and say "Bitcoin reached 18k, I had 10 coins and exchanged them to fiat". I would immediately got robbed, or would be a person of an interest for tax department.

I think you're overthinking it, it's normal for rich people to sometimes being open about what they invest in - perhaps they want the price of their asset to go up by announcing that they are bullish. The whole world already know that they are rich, it's not like they are going to now get robbed because they told that they own BTC. Besides, their BTC probably sits in some custodial wallet, and even if not, they have enough physical security to not worry about such things.

[AmoreJaz]

With the recent rise in bitcoin price now, which has successfully drawn attention all over the world, it also caught the attention of a Mexican billionaire who recently invested 10% of his liquid portfolio into bitcoin according to Cointelegraph, the man in person is Ricardo Salinas Pliego who is the second richest man in Mexico, he also shared a video showing banks throwing out garbage bags filled with paper money into a dumpster,looks like he got tired of using paper money after seeing that .
Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

You can really expect these kind of news and events when bitcoins price is almost into its peak or ATH where it is really that appealing or turn out to be interesting into those people specially to those who are billionaires.

They wont really be missing out the bandwagon and this is what i called risk management yet even he's a billionaire he do still consider on putting only 10% of his assets which is really a wise thing to be done.

Expecting for some bull run? We are heading there but dont expect much that there would be no crash or price correction after wards.

a lot of people are now riding the popularity of bitcoin, now that we are having the price surge in the market. of course, aside from media attention, this will also do good for his investments.
 but anyway, not complaining here if they will contribute the adoption of crypto from noncrypto users. but i do believe that paypal's move towards crypto did really have an impact with the mentality of some users. those who were having second thoughts to btc or crypto, with regards to being labeled as used in fraudulent activities, have already changed their minds.

[mangsitin]

Cyinthia Lummis, as a senator in the city of Wyoming, USA, admitted to having bought bitcoin in 2013. She is very friendly with the crypto world and admits that she will bring bitcoin and the crypto world to the national level.  Grayscale, the issuing company of "Bitcoin Stock GBTC" claims to own and manage 500,000 Bitcoins.  this is very extraordinary.  And I think, bitcoin investor target is up to $ 20000 this year.

[Westinhome]

This is a biggest news for the bitcoin their will be happening in the future of bitcoin again.
As of now bitcoin is knowing those biggest investor in whole world Ill think some of them are started invested for a few amount only but if they see of how bitcoin can do maybe more investor will come. And now bitcoin are in a high price many investor wanted to invested money from it.

[lionheart78]

With this kind of investor joining the Bitcoin industry, it is not far that Bitcoin will reach its new ATH before the end of this year.  Remember, once the price continues to surge, there is a huge possibility for FOMO to take place in the market.

[oktana]

This is really great news! The most amazing part is that Bitcoin price has actually been increasing recently and this is hard for most millionaires and billionaires to overlook.

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

Same here. I knew it was possible when it was about $16k. Today, it's almost $2k more and to me, I don't see how it won't reach or even surpass $20k (based on how it's been going lately).

[Kelvinid]

Ain't this to wonder, the price of Bitcoin moving high again and that mostly it caught attention to the public just like how 2017 makes a huge drama where a lot of millionaires are investing Bitcoin then. This person gets an interest because of what he sees but I don't know if he ask for some advice from others and knows the risk he has to face.

This will help the market to rally more and hitting for $18k. And this person will give some encouragement to others but just to give some advice, don't get inspired by these huge pumps and think it will never stop, but rather to get prepared for the time it burst.  

[chaser15]

The billionaire maybe owns bitcoin for a long and that was 10% of his liquid portfolio.

He never said it was just recently where he invested in bitcoin. He just responds to those people who keep asking him if he has bitcoin.

He's clearly not a new player in crypto but not his priority.

[2double0]

It is not the halving alone, Coronavirus have played a leading role in making people globally understand the importance of btc and they are now rushing to secure their future by investing in it. I don't know how he will manage to get so many bitcoins so easily. Even if he does, say if just 10% of the global billionaires invest just 1% of their total portfolio, thought where will the price be? Say if Bill Gates opens up his heart's gates and release those fiat bills to enter btc markets, there will be a tsunami of money and the bull run will be too much different than now.

[erikoy]

If that man has been putting his money now then possibly he is one of the reason with the bitcoin bullish. I had seen good in bitcoin lately and I think we are heading to ATH that can possibly beat the 2017 ATH. The best part of bitcoin when one investing in it is how fast it could grow and and also could fall down. It has a goog volatility in which traders or investors can take advantage in it. Like when you invested in Jan 2020 where market falls to 3k$ and just present it grows to more than 17K$ so in that short period of time one can earn so high. Just like earning fast and easy money if being one knows when to invest.

[CarnagexD]

I'm hopeful that bitcoin will reach ATH within this year but I'm not so confident about these billionaires and whales cashing in more and more into the system. Whales are good as part of a presale but as soon as they cash out, it's going to cause a huge panic to the ones below them. Hopefully they don't cash it all by December or all bitcoin investors will go bananas.

[ice098]

They've probably fear the banks unlimited printing power thus making their money useless in the future due to inflation. In time we'll be seeing more billionaire's investing even big multi billion companies are adapting and putting atleast 10% of their portfolio, and with Bitcoin's scarce supply it wouldn't be enough to sustain all the demand. Better accumulate while its still early and most Institutional investors are starting to discover the brilliance of BTC.

Its just a good indication that bitcoin today were continue to become a good rising investment that even billionaires were being attracted to it. Well in fact it is a good investment that every billionaires shouldn't missed out since the inflation of each country were keep on getting higher each year and so time may come that the fiat currency may become less worth than it was used before. This 10% investment of this man really adds up to the good market value of bitcoin.

[Shasha80]

The increase in the price of Bitcoin in a pandemic situation like now has attracted some rich people to invest in Bitcoin.
After Paypal was interested in Bitcoin, now it's Ricardo Salinas turn to invest 10% of his liquid portfolio into Bitcoin.
This makes me believe Bitcoin will actually hit new ATH prices by the end of this year, even the price of Bitcoin is now at
the price of $ 17,800. It's getting closer to the price of ATH, and it's going to hit $ 19,000 soon.

[aesma]

Is it the first time someone very wealthy tells us how much he put in BTC (allegedly) ? That's definitely a significant move, and 10% is the right amount I feel, if it goes to zero he's not too hurt, if it goes up it's enough to continue to be very rich even if the other 90% of stuff he owns goes to zero.

[malikg18]

It is happy news to us that more peoples are coming to bitcoin. Due to their investments Price of BTC is going up and up and it is almost near to touch or cross to its almost ATH.Hope to more increment of Funds.

[yazher]

Great news, I hope other billionaires will follow the same as it will push Bitcoin towards it's ATH value but this comes with great risk as well because the more rich people invest into Bitcoin the more it becomes like a gambling wherein they may cashout anything sending shockwaves across the bitcoin's community like whales did last time.

I think this kind of news nowadays has trigger bitcoin price to rise up to $17,000+ yesterday and if you are right, the other fellow billionaires will follow his footstep the price will gain another ATH and that would be good for the industry. as bitcoin being the top-selling cryptocurrencies in the market will gain another popularity to those people who still have a doubt in their heart to invest in bitcoin. Sometimes it just takes some time to gain its momentum but as they can see with their own eyes, it's happening right now slowly but surely.

[Darker45]

Is it the first time someone very wealthy tells us how much he put in BTC (allegedly) ? That's definitely a significant move, and 10% is the right amount I feel, if it goes to zero he's not too hurt, if it goes up it's enough to continue to be very rich even if the other 90% of stuff he owns goes to zero.

Nope, not the first time.

Michael Saylor, Microstrategy's CEO, also made public pronouncements of his $240 million in Bitcoin. Michael Novogratz also made it public how much percentage of his net worth is in Bitcoin and Ethereum. Twitter's Jack Dorsey also provided some hints. And who hasn't heard of the famous twins Tyler and Cameron Winklevoss' public revelation that they own around 1% of the entire Bitcoin in circulation? The list goes on.

[LogitechMouse]

With Bitcoin gaining traction in the internet.
With Bitcoin being talked by too many people around the world.
With Bitcoin rising up as of now.
With Bitcoin being popular on Youtube right now because many content creators are speaking about its recent move.

I believe that there are more rich people who will invest into Bitcoin. They are coming one by one and in the future, more will come. Bitcoin is dead? Bitcoin will go to zero? F*ck them all.

[kentrolla]

These people are early adopters who want to take it as an opportunity to invest nothing more, The more you buy the dearer it comes in return. Also they just invest it for a Security purpose for their future, here they jump only if the price is extremely high and they will not be greedy. Since BTCs domination is booming on the internet surface and news more people will pour money in BTC just wait and watch.

[bitterguy28]

With the recent rise in bitcoin price now, which has successfully drawn attention all over the world, it also caught the attention of a Mexican billionaire who recently invested 10% of his liquid portfolio into bitcoin according to Cointelegraph, the man in person is Ricardo Salinas Pliego who is the second richest man in Mexico, he also shared a video showing banks throwing out garbage bags filled with paper money into a dumpster,looks like he got tired of using paper money after seeing that .

Link to the full article here : https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin/

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

So this is one of the reason of the recent pump that bitcoin reached $18,000?10% of billion dollars is good enough investment for a single person.
So what if another billionaire follows him and then and then.we will see another billion dollars added into the market cap.
hoping he will be contented and increase His investment up to 50% of his wealth.

[Ludmilla_rose1995]

This is good news in the cryptocurrency world. If the second richest person in Mexico has invested in bitcoin, it means that bitcoin has a very high trust in the country of Mexico. bitcoin may reach ATH in 2021. And all of us here will rejoice with the high achievement of bitcoin.

[Salauddin1994]

And the fact that a billionaire has just invested in bitcoin is good news for bitcoin if investment is high the demand for bitcoin will increase and the crypto market will rise further there are also many good currencies and market caps for bitcoins to invest in. And most importantly it has a social networking element bitcoin is something that is valuable because a lot of people use it is no different from napster gradually many countries in the world will support and bitcoin will reach a higher level.

[verita1]

I think this declaration by the Entrepreneur Ricardo Salinas Pliego that he owns 10% of his liquid assets in Bitcoin may be real.

https://twitter.com/RicardoBSalinas/

You guys know how big investments in Bitcoin work. By making it public, you are looking for more Bitcoin advocates. If you don't risk, you don't win. We are in the middle of a crisis, the currencies are weak showing inflation. Take a look at the price of the Mexican peso against the dollar.

https://es.tradingview.com/symbols/USDMXN/

[michellee]

This is good news in the cryptocurrency world. If the second richest person in Mexico has invested in bitcoin, it means that bitcoin has a very high trust in the country of Mexico. bitcoin may reach ATH in 2021. And all of us here will rejoice with the high achievement of bitcoin.

Yes, it is. He can share his investment in bitcoin with his other millionaire friends, so they will know that bitcoin will be the next investment that will potentially make more money. If his friends know about that, they will search for more info and start to invest in bitcoin because that man is only investing in a small part of his wealth, and I am sure that will give him the profit in the future. If many people, especially millionaires, can invest in bitcoin and join in the crypto world, mass adoption will grow, it will attract other people to follow the same thing as them. Once it reaches many people, the other people from different places will soon join them too.

[taufik0911]

This is good news that will make bitcoin have additional bullish strength and is likely to allow bitcoin to penetrate the previous ATH in 2017.
now it is only a matter of time until the time comes
not only is this a lot of good news bitcoin at this time like from paypal but I have not checked the truth and its sequel

[AniviaBtc]

Whenever the market turns bullish more volume of money gets poured into it. This further pumps the market price of bitcoin. Same is taking place at now. Whether the market provides them with the profit isn't prioritised by these people. Anyhow these kind of act also seems good to push the price high and make a new ATH.

As bitcoin in the market is getting bullish, many people will engage to bitcoin more not only this billionaire.

And I see this as a positive sign that bitcoin is getting more fans and investor which is a good thing for us that hope for bitcoin's popularity and approaching in the mainstream.

Everyone of us are rooting for bitcoin to reach another ATH this time as we see progressive improvements in bitcoin's price these past few days until now. As big investors pumped the market price of bitcoin, everyone of us can benefit that and learn that bitcoin's price is really growing and I'm so happy with that.

[bryant.coleman]

Now it is looking very similar to what we had during the 4th quarter of 2017. I just hope that this time the hype will last unlike what happened back then. Back in 2017, after the ATH level was achieved, it was a steep fall from $20,000 to $3,000 per coin. Let's not forget the fact that most of the recent spike can be attributed to a single trigger - the acceptance by PayPal. If there is some bad news related to the PayPal adoption, then the prices will go back to the previous level in a matter of few days.

[Ridwan Fauzi]

The first reason why there are so many people especially a rich man comes to bitcoin because bitcoin is trying to reach its all time high. Many investors will only focus to reach $20.000 first before they decide to buy more and still hold. And the second reason is bitcoin is able to prove its ability that can be considered as a safe haven. As we may know, bitcoin has crashed by more than 60% from its all time high but now in this pandemic situation where many people must store their money in a safe haven place, they choose bitcoin rather than gold.

[cryptomaniac_xxx]

Now it is looking very similar to what we had during the 4th quarter of 2017. I just hope that this time the hype will last unlike what happened back then. Back in 2017, after the ATH level was achieved, it was a steep fall from $20,000 to $3,000 per coin. Let's not forget the fact that most of the recent spike can be attributed to a single trigger - the acceptance by PayPal. If there is some bad news related to the PayPal adoption, then the prices will go back to the previous level in a matter of few days.

I would say it's different though, I mean in 2017, we haven't heard any billionaires dabbing on bitcoin. It's more of the CME and CBoE hype in December that really push us to $20k that formed the bubble, many irrational buyers. But today investors mature and then we have more institutional money and then Paypal and then this so called rich investors who finally join the bandwagon because they see what it can bring and maybe they are hedging their wealth to bitcoin just for insurance of governments printing more money.

[davis196]

The net worth of Ricardo Salinas Pliego according to Forbes is around 12 billion dollars.
10% of his "liquid portfolio" means a few million dollars,I guess.
Not bad,but not impressive.Anyways,more billionaires and millionaires are buying Bitcoin,so Bitcoin looks more legit in the eyes of the rich elite.The price is going up and more middle class people might follow the example of the rich and start buying BTC.
I'm concerned that most of the new Bitcoin buyers are mostly speculators looking for big profits,rather then fan of the technology behind Bitcoin.I guess that they will buy and use some BTC,in order to appreciate the concept of blockchain technology.

[KnightElite]

The net worth of Ricardo Salinas Pliego according to Forbes is around 12 billion dollars.
10% of his "liquid portfolio" means a few million dollars,I guess.
Not bad,but not impressive.Anyways,more billionaires and millionaires are buying Bitcoin,so Bitcoin looks more legit in the eyes of the rich elite.The price is going up and more middle class people might follow the example of the rich and start buying BTC.
I'm concerned that most of the new Bitcoin buyers are mostly speculators looking for big profits,rather then fan of the technology behind Bitcoin.I guess that they will buy and use some BTC,in order to appreciate the concept of blockchain technology.

Imagine the 10% of the portfolio of a certain billionaire is so huge, we are talking about millions of dollars here so for sure it can be a factor why the volume of the bitcoin in the last weeks are keep rising. So, another billionaire became interested in cryptocurrencies, I also speculate that there are some billionaires who also buying but not telling it in the public because it can create hype like this one. Finally, institutional investors, billionaires and some traditional investors are now becoming aware to the potential of the bitcoin. I'm sure that the popularity of the bitcoin will drive crazy after it beat the $20,000 mark and a lot of investors will pull out their money in different financial instrument to ride the upcoming price increase of the bitcoin.

[concept2]

What a nice decision he has made. Bitcoin has been a good choice for many wealthy people. Small investors seem do not care about bitcoin like they used to be in the 2017. This is a good sign cause whales tend to be dependable from FOMO and FUD.

Paper money is now a big issue to many people since it becomes worthless through years. They cant never stop the inflation or maybe it is a tool for them to control the world. Bitcoin is one of the best escape for us. Hold your beer and bitcoin everyone. Our time is near

[bakasabo]

When I see articles like this, when some very rich person invests huge amount of money on something or buys something, and makes announcement of that, first think that came to my mind is "it's a trap!". Why would someone announce that he spends a lot? Sometimes this persons is in bad financial situation and with such move he just want to get attention to something and sell something for a good price.

If I go now to the street and say "Bitcoin reached 18k, I had 10 coins and exchanged them to fiat". I would immediately got robbed, or would be a person of an interest for tax department.

I think you're overthinking it, it's normal for rich people to sometimes being open about what they invest in - perhaps they want the price of their asset to go up by announcing that they are bullish. The whole world already know that they are rich, it's not like they are going to now get robbed because they told that they own BTC. Besides, their BTC probably sits in some custodial wallet, and even if not, they have enough physical security to not worry about such things.

My post was just an example. Of course rich people are crowded with all kind of security. But imho, such announcements trigger bad guys to start acting in direction of obtaining someone's property.

According to article, he is "an owner of appliance retailer and lender Grupo Elektra". I'm sure this investment in bitcoin was made to push Grupo Elektra stock up, or at least there was intend to do such through investment and announcement.

[Latviand]

Great news, I hope other billionaires will follow the same as it will push Bitcoin towards it's ATH value but this comes with great risk as well because the more rich people invest into Bitcoin the more it becomes like a gambling wherein they may cashout anything sending shockwaves across the bitcoin's community like whales did last time.

Whales are really selfish when they think that they are the only one who are investors of bitcoin. Bitcoin is for everyone and by that, we will just rely on those whales or large investors just like this. They are the one who causes the pump in bitcoin's price in the market and they are also the one who benefit its the most. Let's accept the cryptocurrency and the market is so unfair but if you're good at making decisions then you will make it profitable and effective for you. Bull run is really happening right now and keep on observing the market so that problems like this will not cause an inconvenience for you.

[fauzan123]

Now it is looking very similar to what we had during the 4th quarter of 2017. I just hope that this time the hype will last unlike what happened back then. Back in 2017, after the ATH level was achieved, it was a steep fall from $20,000 to $3,000 per coin. Let's not forget the fact that most of the recent spike can be attributed to a single trigger - the acceptance by PayPal. If there is some bad news related to the PayPal adoption, then the prices will go back to the previous level in a matter of few days.

I would say it's different though, I mean in 2017, we haven't heard any billionaires dabbing on bitcoin. It's more of the CME and CBoE hype in December that really push us to $20k that formed the bubble, many irrational buyers. But today investors mature and then we have more institutional money and then Paypal and then this so called rich investors who finally join the bandwagon because they see what it can bring and maybe they are hedging their wealth to bitcoin just for insurance of governments printing more money.

The current pandemic could be one of the positive things (if you look at the current developments in bitcoin). I think that in 2017, there was no precise information about whether anyone had actually become a millionaire by investing their funds in bitcoin that year, of course only a few still know what the prospects for bitcoin will be in the future.

Feel sorry? It seems that there is no need to be sorry because there are many things that can be obtained so far under any circumstances in bitcoin.

[nebuch]

@yashikasss4
What do you want to say?
Your post is just links.

To op, this matter could influence more billioners in the world and put investment to bitcoin. Possible to see Bitcoin ATH this year once more billioners come and invest in bitcoin.

[blckhawk]

The increase in the price of Bitcoin in a pandemic situation like now has attracted some rich people to invest in Bitcoin.
After Paypal was interested in Bitcoin, now it's Ricardo Salinas turn to invest 10% of his liquid portfolio into Bitcoin.
This makes me believe Bitcoin will actually hit new ATH prices by the end of this year, even the price of Bitcoin is now at
the price of $ 17,800. It's getting closer to the price of ATH, and it's going to hit $ 19,000 soon.

This pandemic could also be a big factor on the growth of Bitcoin. Stock market are almost down on that time giving a sign for several investors to pull out their investment on it and put it into something productive like Bitcoin. One factor could also be the paypal's accepting to purchase and sell Crypto through their wallet. And now a billionaire who entered the scene. This could really make Bitcoin to hit the new ATH mark before this year come to its end.

[Karartma1]

The truth is out there for everybody to recognise it! Bitcoin is the investment asset class that HNWIs (High-Net-Worth Individuals) ultimately want. I know it for a fact as I have been in many meetings with asset managers and wealth managers that are trying hard to understand how to manage bitcoin investments for their wealthy clients.
They are coming for your bitcoins, watch out!

[goldade]

I should say congratulations to him as he has now understood the importance of bitcoin. I'm sure he must be fed up of having his money controlled by the banks and I wouldn't be surprised if he eventually put all his money into bitcoin and not just his 10%.
This is also a great news for the crypto community. It is when whales like this accept bitcoin that it accelerates the the mainstream adoption of bitcoin. I believe if things continue this way, it won't be very long before bitcoin becomes the world wide currency

[Reid]

No proofs. Just a tweet. Should we really rely on that?
This could just be a strategy to pump the price if he's really holding some bitcoin but I doubt it will be 10 percent of his assets.

It's starting.
We will see more tweets and headlines like this trying to be the hero or with evil intentions.
Then, there are the analysts' wannabes.

[aesma]

Is it the first time someone very wealthy tells us how much he put in BTC (allegedly) ? That's definitely a significant move, and 10% is the right amount I feel, if it goes to zero he's not too hurt, if it goes up it's enough to continue to be very rich even if the other 90% of stuff he owns goes to zero.

Nope, not the first time.

Michael Saylor, Microstrategy's CEO, also made public pronouncements of his $240 million in Bitcoin. Michael Novogratz also made it public how much percentage of his net worth is in Bitcoin and Ethereum. Twitter's Jack Dorsey also provided some hints. And who hasn't heard of the famous twins Tyler and Cameron Winklevoss' public revelation that they own around 1% of the entire Bitcoin in circulation? The list goes on.

Michael Saylor put his company's money in BTC, not his own (that we know of). It's not the same thing, as he had to announce this anyway, for a publicly traded company.

The Winklevoss brothers are bitcoin millionaires from the start so it's not the same thing either.

Michael Novogratz is a better example, I see he's trading crypto as it's his thing (hedge fund manager), but indeed he talks about his holdings.

[plvbob0070]

We are getting more people to invest in bitcoin and it's gaining more attention nowadays which I can say is a good thing for us. And the fact that he invested 10% of his liquid portfolio means he has a trust in bitcoin that it will do well in the next coming months or years. If this will continue, it can also attract other people but I just hope that these people who are keeping their eye on bitcoin to invest should know how the market works and how to deal with it.

[fishbonez11]

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

It is possible that the price of bitcoin might hit a new all time high valuation before the end of this year but my mind is still telling that we might see a correction and the price would settle around $15k by the end of this year.

Exactly my thought, i feel like its going to happen what just happen last 2017. People have learned enough that time, and there might be something new to happen. Still can't predict what will be the behaviour of Bitcoin's price this year. But knowing that there more people coming in, we can still hope that there will be a new high this year. But as we see, for every high there is always a price correction. Bitcoin is so attractive for billionaires specially this season of time.

[The Cryptovator]

I have seen that news on the Cointelegraph telegram channel. If you observe bull markets, then you will notice that many bull news like this. We can say due to the current bull trend that investors had decided to invest his 10% liquid portfolio into bitcoin, which is another bull news, and most likely we have seen an effect on bitcoin price. I will say that person took the right time decision although I believe he should invest more earlier.

That's crypto, when bitcoin will be in bear mode, then you will see many bear news. And when Bitcoin is in bull mode, you will see many bull news.

[lifeforcepools]

More and more rich people are investing in crypto. I'm sure of it. But for some reason, many people hide this from the public.

[NeuroticFish]

But for some reason, many people hide this from the public.

There are a lot of possible reasons for that, depending on the country they're from, for example:

* they want to buy more and don't want to create hype that'll make them pay more for it
* the invested money may not be 100% pristine
* they don't want IRS ask too many questions based on badly/incompletely written laws (they may declare as "other investments")
* they don't want to become targets for ransom/thieves (the 5$ wrench story)

[Mahdirakib]

Though he isn't new to bitcoin but it's really good to hear that he have invested 10% of his liquid portfolio in bitcoin. Maybe there are more billionaire who invested in bitcoin recently but haven't said anything publicly. It attracts a lot of new people attention in btc while this kind of news spreads publicly. Pliego made his first investment in btc four years ago.

The Bitcoin billionaire bandwagon has another representative in the likes of Mexico’s second-wealthiest man – Ricardo Salinas Pliego. He recently highlighted the problems with fiat currencies, especially in Latin America, and clarified that his first BTC purchase came four years ago.

Source:: After Buying Bitcoin at $800 in 2016, Mexico’s Second-Richest Man Doubles Down

[daarul50]

We are getting more people to invest in bitcoin and it's gaining more attention nowadays which I can say is a good thing for us. And the fact that he invested 10% of his liquid portfolio means he has a trust in bitcoin that it will do well in the next coming months or years. If this will continue, it can also attract other people but I just hope that these people who are keeping their eye on bitcoin to invest should know how the market works and how to deal with it.

There is bad and good thing about this.
The good thing is that those billionaire did really drive the market into a positive moves.
Of corse they have a big influence as they splash a lot of money not only thousands dollar but millions!
And the bad thing that should concern each of us is that this kind investor wontstay forever, they wont stay for long enough as whenever they see it is enough, they could dump it all at once without thinking thercould be a serious damage caused.

[Ratash]

If he invested at this time it means that he must be newbie in crypto world because the bitcoin now is just getting back at its former value of 2018 and for btc to grow more some new developments must occur in order to achive the true potential of bitcoin but i do not think it will be soon in that case he has to hold it for a while.

[Nhor1011]

Every time the value of bitcoin  surge high, many people specially those rich individual or businessman will suddenly appear and make a name for bitcoin. Well, it's good for bitcoin but how long they will stay in crypto space? What if after they adopt bitcoin, it will suddenly crash, do they stay and continue supporting bitcoin or they will back out? Bitcoin always attract investors, companies, millionaires and billionaires if it's price didn't stop to rise.

[NelfiNovita]

from day to day the price of bitcoin is getting more expensive, in the crypto market we can see a graph of the price of bitcoin that is increasing.  at this point we can see that bitcoin price is over $ 17k and it is possible that bitcoin price will reach $ 20k.  billionaires really like the increase in the price of bitcoin, they will definitely buy bitcoins in large quantities.  I am sure the price of bitcoin will continue to rise because the demand for bitcoin in the crypto market is getting busier.

[Blackrain13]

A billionaire who invested in bitcoin will become more richer and it could be a way to attract more wealthy people to accept and use bitcoin. It has a good impact on bitcoin industry and who knows next will be the government. If government will also invest in bitcoin I think the adoption for bitcoin will become wider.

[Rexler]

This is good news that will make bitcoin have additional bullish strength and is likely to allow bitcoin to penetrate the previous ATH in 2017.
now it is only a matter of time until the time comes
not only is this a lot of good news bitcoin at this time like from paypal but I have not checked the truth and its sequel

Indeed this is a wonderful news in the crypto sphere, it will definitely cause people to fomo and buy more bitcoins, thus bitcoin will continue being bullish, lately more investors have started seeing alot of potentials in bitcoin, that's why there are so many big investors in bitcoin now, and with PayPal finally accepting bitcoin on their platform, with the amount of users they have this will really increase the mass adoption rate, bitcoin might just hit its ATH before the end of the year, it's above $18k as at the time I'm writing this post.

[Darker45]

Is it the first time someone very wealthy tells us how much he put in BTC (allegedly) ? That's definitely a significant move, and 10% is the right amount I feel, if it goes to zero he's not too hurt, if it goes up it's enough to continue to be very rich even if the other 90% of stuff he owns goes to zero.

Nope, not the first time.

Michael Saylor, Microstrategy's CEO, also made public pronouncements of his $240 million in Bitcoin. Michael Novogratz also made it public how much percentage of his net worth is in Bitcoin and Ethereum. Twitter's Jack Dorsey also provided some hints. And who hasn't heard of the famous twins Tyler and Cameron Winklevoss' public revelation that they own around 1% of the entire Bitcoin in circulation? The list goes on.

Michael Saylor put his company's money in BTC, not his own (that we know of). It's not the same thing, as he had to announce this anyway, for a publicly traded company.

Therefore, what you know is definitely wrong. Before Microstrategy's venture into Bitcoin, Michael has already owned 17,732BTC. That would be more than $300 million right now. That's his personal stash. Microstrategy, on the other hand, owns around 38,250BTC. That would be more than half a billion dollar in value as of the current Bitcoin price.  

The Winklevoss brothers are bitcoin millionaires from the start so it's not the same thing either.

What makes an early entry into Bitcoin different? That was riskier, to begin with.

Michael Novogratz is a better example, I see he's trading crypto as it's his thing (hedge fund manager), but indeed he talks about his holdings.

In which case, you might also count in Wall Street's billionaire hedge fund manager, Paul Tudor Jones, for revealing that he's invested around 2% of his assets in Bitcoin. Either way, Ricardo Salinas Pliego is certainly not the first person who announced that a certain portion of his worth is invested in Bitcoin.

[Janation]

It feels great.

Not because the price is continuously increasing but because of the people that are slowly adapting or investing in it. And it is not just that, people will continue to ride this wave since they are seeing more and more popular people are investing in it. If this is the case it might reach another ATH this year, but still, I doubt that it will be an ATH this year.

[aemma]

This is a very good news for the entire crypto space, that one of the richest men in Mexico invested in Bitcoin, which then means that, those who doubted Bitcoin will be surprised, those who thought it won't grow nor get the required attention will be even more surprised, because this is just the beginning. Also, with more attention and funds going into Bitcoin means more growth and maybe new ATH will be reached soon, I wouldn't say this year though, because predictions is something that hardly works here, but with more attention we will achieve that. Lastly, this is also another clear proof that holding Bitcoin is actually the best way to get started with the crypto space.

[aoluain]

Billionaires are not "investing" in BTC to make
money, they are investing to protect what they
already have. They have already made their
wealth and are fearful of their fund melting
as inflation increases.

BTC is more and more looking like a sound
store of value.

[AicecreaME]

With the recent rise in bitcoin price now, which has successfully drawn attention all over the world, it also caught the attention of a Mexican billionaire who recently invested 10% of his liquid portfolio into bitcoin according to Cointelegraph, the man in person is Ricardo Salinas Pliego who is the second richest man in Mexico, he also shared a video showing banks throwing out garbage bags filled with paper money into a dumpster,looks like he got tired of using paper money after seeing that .

Link to the full article here : https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin/

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

This is a great move for a billionaire to invest 10% of his wealth into bitcoin. Publicity is waving at his doorstep by the time the article was published. I guess that person is either confident enough to trust bitcoin and is knowledgeable about the risks or merely joining the bandwagon since bitcoin is approaching bullish or ATH. Either way, I think it’s still a wise decision to put just a specific percentage of his wealth into bitcoin investment. Because as we know, bitcoin is volatile. In addition, it’s better to diversify rather than putting everything into one storage.

If majority of the elites would invest their money too in bitcoin, this could create a good impact to the price movement of btc in the market. Hopefully during the end of the year, bitcoin’s value would hit higher and higher.

[nemey]

I think all the rich people in the world will flock to invest in bitcoin because the benefits are very tempting for everyone, why not? the price just soared and continued to soar.

[trueluckychain]

And on the other hand we have that other billioner who didn't undersatnd crypto and sold everything he had at a disadvantage 

[bryant.coleman]

It is definitely good news, but the impact on the market will be quite limited. Let's not forget the fact that Bitcoin is now having a market cap of >$600 billion. Endorsements from individuals doesn't make any reverberation now. What we need is collaboration with mainstream investment/payment businesses such as PayPal, Master and Visa. Any additional endorsements from these mainstream businesses will be good for BTC.

[tinopener]

I remember a crypto analyst on CNN (I think) a few years ago making the case that there are 10,000,000 millionaires in the US, and it was possible that every one of those would want a single Bitcoin, just for bragging rights.

I got excited about that, but it never happened. Maybe those millionaires are in fact millionaires because they are very careful with their money 

[Coinsfera]

Marathon Patent Group, traded on Nasdaq, purchased $ 150 million worth of Bitcoin. This acquisition represents the last of the institutional trend in Bitcoin so far, for now. The fact that Bitcoin has a safe-haven is too big to ignore.

[worle1bm]

With the recent rise in bitcoin price now, which has successfully drawn attention all over the world, it also caught the attention of a Mexican billionaire who recently invested 10% of his liquid portfolio into bitcoin according to Cointelegraph, the man in person is Ricardo Salinas Pliego who is the second richest man in Mexico, he also shared a video showing banks throwing out garbage bags filled with paper money into a dumpster,looks like he got tired of using paper money after seeing that .

Link to the full article here : https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin/

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

The number of investors trading in Bitcoin with large volume is increasing day by day and when the prices are low as market is witnessing bearish trend(a small correction in price dips) whoever is interested is investing their funds in Bitcoin.The funds are flowing into the crypto market and exchanges are witnessing rush over their servers as their customers base have incresed 10-15% over the past few months.This has in turn lead to btc prices moves towards ATH of $35000 above and market cap above $600 billion.But there is potential risk also there because if they cash out their profits when prices rise they will try to create a dump situation in the market and they will pay high transaction fees to clear their transaction and cash out their profits at priority basis.But still the number of users and investors are increasing day by day because of high returns this year.

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So the main fact is most people are using it as source of investment tool to cash out profits in short span of time rather then recognising it as financial tool which can solve the centralized chain functioning over the blockchain technology.

[ipanks]

Many of them already invest in bitcoin, but do not openly talk about it.

I think the investors will not talk about their investment in bitcoin because that can make them in danger. They can attract bad people to try to steal their money and figure out how will be the way. The billionaire will keep the secret for them, and they will store in a special place that only them that will know. But it is good news for people out there because they can know that billionaire wants to spread their investment into crypto, and they buy bitcoin and hold it for the long term. I hope that can make bitcoin more popular and start to raise more people to join.

[Traderbtcc]

But there is potential risk also there because if they cash out their profits when prices rise they will try to create a dump situation in the market and they will pay high transaction fees to clear their transaction and cash out their profits at priority basis.

Certainly one of the few things to look at if anyone is planning to invest in bitcoin now its at the top, imagine people who bought large amounts of bitcoin when it was around $4k to $10k, we all know they would have made tons of profits by now and it's going to be tempting cause they might want to cash out, if they eventually decide to cash out their profits it will definitely cause a dump in the price of bitcoin, panic sellers will surely sell and people who were looking to buy dips will buy and start hoping the price goes back up.

So the main fact is most people are using it as source of investment tool to cash out profits in short span of time rather then recognising it as financial tool which can solve the centralized chain functioning over the blockchain technology.

Lately investors don't care about the tech anymore, they are just happy its bringing them tons of profits in a short amount of time, bitcoin wasn't originally created to be used as an investment tool, but it has definitely evolved past the level of been used as a digital currency for seamless transactions.

[KyoRider]

THis is a really great news not just for those billionaires but even on the whole cryptocurrency market. Even large companies/industries are getting into this market and that's a big deal imo, this will make the futures of bitcoin brighter and clearer.

[Yatsan]

The happenings that are related into Bitcoin specially the bull run does not just make ordinary people excited but as well as institutions and even billionaires coming from different parts of the world making them interested to get engage on investing with Bitcoin. It is not surprising at all that those popular rich people and institutions are giving their attentions towards Bitcoin because it is really catchy and attractive to everyone's eyes seeing the good happenings with Bitcoin making them want to explore more out of it. For sure once another ATH will be attained by Bitcoin, many more people will get along on the trend and will keep their funds put into investment with Bitcoin showing how they appreciate and value Bitcoin's worth and existence.

[samputin]

Many of them already invest in bitcoin, but do not openly talk about it.

I think the investors will not talk about their investment in bitcoin because that can make them in danger. They can attract bad people to try to steal their money and figure out how will be the way.~

Definitely. Just because they are rich does not mean they have to announce it to the world. They prefer to keep it low key for the sake of their safety and security. And I think it's better to keep it that way so that hackers or scammers won't have the chance to think of you as their target victim.

Anyway, I think this is a good thing for bitcoin. It's getting known by people from all walks of life. Let's hope that many people will patronize bitcoin even if they are not a billionaire and just a simple ordinary person.

[tinopener]

I reckon most very rich people will be put off buying Bitcoin in case it alerts the tax authorities in some way.

Most will go to significant effort to avoid paying tax across all their assets - possibly bordering on evasion - and won't want to attract any "heat".

[isaac_clarke22]

~

Not sure who that guy is but seems like this >20k  breach of the Bitcoin price gained the attention of many non-crypto investors even media celebrities.
I guess 30k really hit everyone hard to start investing right now to Bitcoin huh.
Not like I dreamed that 2017 price to happen all over again, but hell it was really an unexpected increase.

[shoreno]

so throwing money do also happens to on mexico ? i thought it only happens on venezuela but before them , i also so saw some guy threw money on top of the building or from streets but it doesnt mean money is useless on those country but those guys are just rich and want to share the wealth they have to the majority but what happens on this story that the guy witness how banks dump money  , thats weakening and for who ever see that will also feel the same weak feeling . now the guy was angry and use btc , he was going to tease banks with his btc .

[In the silence]

Great news, I hope other billionaires will follow the same as it will push Bitcoin towards it's ATH value but this comes with great risk as well because the more rich people invest into Bitcoin the more it becomes like a gambling wherein they may cashout anything sending shockwaves across the bitcoin's community like whales did last time.

The more wealthy investors, the more risky it would be since it's already on a high volative cryptocurrency. If some of the whales bring out some btc out of their wallet, there would be an impact again for bitcoin like on what happened last year.

[AngelaT34534]

In fact, in some small countries, choosing to use Bitcoin to avoid inflation is very smart. On this basis, if more rich people join in, it will undoubtedly promote the development of this situation. I think this is a help The means by which people in small countries protect their assets.

[kiki889988]

Dogecoin has soared today, with the highest increase reaching 10 times. It can be seen that the entry of these big capitalists will have a huge impact on the market. Hope this is not a bad thing.

[WillieTruman]

Human greed is the door to success. There is no shortage of companions on this road. Come on, Bitcoin, the world is coming to you, because you have been recognized by the world

[adzino]

Great. More billionaires entering the bitcoin market which means more of them are being aware of crypto currencies and how they are going to give better return than banks. They are noticing that keeping their money idle on their banks is not worth anything. But I am just wondering, if more billionaire starts investing in bitcoin, wouldn't the price, like every other thing come under the control of those billionaires? Wouldn't they have huge impacts on the market? Like if we see that a billionaire moved his coins, people will start panicking. When billionaires sell their coins, the market might crash. Wouldn't it?  

[GeorgeJohn]

It's seems that every rich person deserved cryptocurrency investment, Doe's it mean that fiat currency does not exist again, the answer is no,everyone has integrity and everyone has area of investment concentration platform that will add values to he/her money, while the rich people is investing in cryptocurrency especially bitcoin is because of the potentiality in crypto network, digital investment is a forward of investment from my perspective... Now for these man to adventure into crypto it's obvious that the name of cryptocurrency will be relevant in Mexico than before because people likely emulate the steps of richer