Another billionaire just invested in bitcoin

[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.

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[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.