Another billionaire just invested in bitcoin

[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.