Richest dude in Asia, going hard on Bitcoin

[RockHound]

An "undisclosed" amount  

If you were a multi-billionaire, how much bitcoin would you acquire?

Me? I would secure $500,000,000 worth, that's 1,126,000 BTC  


http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

[whtchocla7e]

I would be sure to advertise that fact on a forum as well...

[E-C.Guru]

 $500,000,000 worth, that's 1,126,000 BTC  

Not really. Perhaps if you're the only big player going into bitcoin and you have 1-12 month time to buy. Otherwise the first 50 millions would drive the price to the moon. If you were in a hurry, at least.

[Alley]

So he didn't actually buy bitcoins just invested in bitpay...

[RockHound]

So he didn't actually buy bitcoins just invested in bitpay...

I would find it hard to believe, that he doesn't have at least 1BTC. The other BitPay investors also probably hold personal BTC. And by that rationale, being the biggest dawg in Asia, reckons he's got a few BTC 

[RockHound]

 $500,000,000 worth, that's 1,126,000 BTC  

Not really. Perhaps if you're the only big player going into bitcoin and you have 1-12 month time to buy. Otherwise the first 50 millions would drive the price to the moon. If you were in a hurry, at least.

True, that'll be one hell of a Wall on his exchange 

[hloren70]

Any big investor would certainly keep their investment lowkey!

[blatchcorn]

So he didn't actually buy bitcoins just invested in bitpay...

I would find it hard to believe, that he doesn't have at least 1BTC. The other BitPay investors also probably hold personal BTC. And by that rationale, being the biggest dawg in Asia, reckons he's got a few BTC 

Investing in BitPay is investing in Bitcoin.

[madmadmax]

Li Ka-shing 

[RockHound]

So he didn't actually buy bitcoins just invested in bitpay...

I would find it hard to believe, that he doesn't have at least 1BTC. The other BitPay investors also probably hold personal BTC. And by that rationale, being the biggest dawg in Asia, reckons he's got a few BTC 

Investing in BitPay is investing in Bitcoin.

Yeah, good point.

Here's his profile on Wiki: http://en.wikipedia.org/wiki/Li_Ka-shing

This could be great for the Bitcoin economy. Thus far, non of the investors have fully integrated into their Commercial enterprise groups/subsidiaries. Perhaps his investment was strategic, for future BTC integration?

[RockHound]

Any big investor would certainly keep their investment lowkey!

Agreed, I certainly would. From time to time, I would log-in to my wallet just to marvel at my 5-7 figure BTC 

[BitCoinDream]

An "undisclosed" amount  

If you were a multi-billionaire, how much bitcoin would you acquire?

Me? I would secure $500,000,000 worth, that's 1,126,000 BTC  


http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

So Li Ka-shing does not think the way Warren Buffett does !!!

[Ron~Popeil]

So he didn't actually buy bitcoins just invested in bitpay...

I would find it hard to believe, that he doesn't have at least 1BTC. The other BitPay investors also probably hold personal BTC. And by that rationale, being the biggest dawg in Asia, reckons he's got a few BTC  

He is a bitcoin holder. He donates to Seans Outpost quite frequently. His support of bitcoin is a great thing for the crypto ecosystem.

[RockHound]

So he didn't actually buy bitcoins just invested in bitpay...

I would find it hard to believe, that he doesn't have at least 1BTC. The other BitPay investors also probably hold personal BTC. And by that rationale, being the biggest dawg in Asia, reckons he's got a few BTC  

He is a bitcoin holder. He donates to Seans Outpost quite frequently. His support of bitcoin is a great thing for the crypto ecosystem.

Cheers for the info Ron, Jason King does noble work for sure.

Here's a lengthy but cool interview he did last week:

http://www.youtube.com/watch?v=JI7ZtX43bEY

Agreed, Sir Li Ka-shing on board, is great for crypto ecosystem. Would like to see him integrate into his many businesses though.

[franky1]

by investing into bitpay. you will see that instead of bitpay selling their coins on an exchange. they will use the investors fiat and give the investor bitcoin

thus you wont see as much sell orders on the exchanges, which will a rise in pirce, but a slower rise whilst merchants small tx's are processed, compared to a whale biting on the sale orders in under 5 minutes.

[LiteCoinGuy]

 $500,000,000 worth, that's 1,126,000 BTC  

Not really. Perhaps if you're the only big player going into bitcoin and you have 1-12 month time to buy. Otherwise the first 50 millions would drive the price to the moon. If you were in a hurry, at least.

True, that'll be one hell of a Wall on his exchange 

i would try it on local bitcoins 

[Ron~Popeil]

So he didn't actually buy bitcoins just invested in bitpay...

I would find it hard to believe, that he doesn't have at least 1BTC. The other BitPay investors also probably hold personal BTC. And by that rationale, being the biggest dawg in Asia, reckons he's got a few BTC  

He is a bitcoin holder. He donates to Seans Outpost quite frequently. His support of bitcoin is a great thing for the crypto ecosystem.

Cheers for the info Ron, Jason King does noble work for sure.

Here's a lengthy but cool interview he did last week:

http://www.youtube.com/watch?v=JI7ZtX43bEY

Agreed, Sir Li Ka-shing on board, is great for crypto ecosystem. Would like to see him integrate into his many businesses though.

Yeah, I am a huge fan of Sean's Outpost. My meager donations probably don't make much of a dent but a lot of small donations is as good as 1 large one.

 

[jbrnt]

He, among other investors, invested in bitpay. He is not buying bitcoin directly. It is a confidence boost in bitcoin, but do not expect bitcoin price to soar because of this.

[ruffled_up]

The us government could definately cripple the bitcoin price if they were to flood the market with all the siezed coins they have

[RockHound]

by investing into bitpay. you will see that instead of bitpay selling their coins on an exchange. they will use the investors fiat and give the investor bitcoin

thus you wont see as much sell orders on the exchanges, which will a rise in pirce, but a slower rise whilst merchants small tx's are processed, compared to a whale biting on the sale orders in under 5 minutes.

Interesting point Frank, that would be the way to go.

Several Bitcoiners on here reckon if he did execute a massive buy order on an exchange, that the Bitcoin price index would rise?

This is hypothetically logical, but would it be sustainable?

Hard to say what will promote Bitcoins next surge past $1000 barrier. Personally I think it will be some kind of new innovation/service that the Bitcoin protocol facilitates - A real Game Changer for Bitcoin (don't think this has been invented yet).

Some folks are optimistic that Winklevoss EFT and Wall Street will be this Game Changer, maybe? But I think it'll be something else, not currently conceived/implemented.

On that note, what do you think about the Coinprism & Colouring Bitcoin's concept?