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?

[1713963326]

1713963326

[1713963326]

1713963326

[1713963326]

1713963326

[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.