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Author Topic: [2014-05-14] SCMP: Li Ka-shing boosts BTC investments amid currency crackdown  (Read 1280 times)
bryant.coleman (OP)
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May 14, 2014, 05:42:08 PM
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http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

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Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its widespread popularity in China. Despite the price of a bitcoin tumbling from political pressure, the billionaire tycoon has poured an undisclosed amount of money, believed to be worth millions of dollars, into Bitpay, the bitcoin equivalent to PayPal, through his venture capital investment company Horizons Ventures.
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May 14, 2014, 06:16:48 PM
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http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

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Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its widespread popularity in China. Despite the price of a bitcoin tumbling from political pressure, the billionaire tycoon has poured an undisclosed amount of money, believed to be worth millions of dollars, into Bitpay, the bitcoin equivalent to PayPal, through his venture capital investment company Horizons Ventures.

He knows bitcoin can not be cracked down , its that simple.

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May 15, 2014, 02:14:12 AM
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Asia’s richest man Li Ka-shing in love with bitcoins.

bryant.coleman (OP)
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May 17, 2014, 03:39:59 PM
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Asia’s richest man Li Ka-shing in love with bitcoins.

Just compare Li Ka-shing with Warren Buffet. The former is not afraid of new innovations and ideas, and the latter is afraid of new technology. After 2-3 years, we'll know who was right.  Grin
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May 18, 2014, 03:21:41 PM
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I'd like to see him publically buy a large chunk of actual btc.
bryant.coleman (OP)
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May 18, 2014, 04:26:10 PM
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I'd like to see him publically buy a large chunk of actual btc.

No one buys Bitcoin publicly. Bitcoin is meant for anonymous trading, unlike the fiat currencies. And why should anyone do that publicly? Bitcoin is still banned in certain countries such as China.
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May 18, 2014, 05:58:00 PM
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I'd like to see him publically buy a large chunk of actual btc.

No one buys Bitcoin publicly. Bitcoin is meant for anonymous trading, unlike the fiat currencies. And why should anyone do that publicly? Bitcoin is still banned in certain countries such as China.

A billionaire who buys it to bitcoin would be smart to make his investment public since it will likely inspire confidence in bitcoin. People are naturally followers and when the richest people in the world are investing in something, people want in.
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May 19, 2014, 05:59:06 AM
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A billionaire who buys it to bitcoin would be smart to make his investment public since it will likely inspire confidence in bitcoin. People are naturally followers and when the richest people in the world are investing in something, people want in.

Li Ka-shing is a very intelligent person. He knows the merits and demerits of making public any Bitcoin bulk purchase. He might have thought hard and decided against publicizing it.
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