Billionaire personal equity investor Orlando Bravo has revealed that he owns bitcoin and is very positive about his prospects, saying that establishments are just here to start.
“How can you like cryptocurrencies?” Bravo asked in an interview at CNBC’s Delivering Alpha conference.
Bravo founded the personal equity firm Thoma Bravo and has a net worth of $6. 3 billion, according to Forbes. The magazine called him “the Wall Street negotiator. “
“Crypto is a wonderful system. It has no friction. It is decentralized. And other young people need their own monetary system. So he’s here to stay,” she said.
“For me, it’s pretty simple. More people are moving to long-term use of it than they are today, and it’s becoming more established. Establishments are just starting to pass there, and once that happens, I think it will increase especially over the course of the year. I’m very optimistic,” Bravo said.
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Cryptocurrencies have soared over the past year, with the value of bitcoin emerging at around 300%. Analysts said massive stimulus from central banks and governments, as well as the construction of the retail industry, were key factors.
However, reviews vary as to the genuine interest of monetary institutions. SkyBridge Capital CHIEF Executive Anthony Scaramucci said over the weekend that other people who say there is great institutional adoption are “totally honest”.
Bravo said he believes that “the underlying generation of blockchain, regardless of the protocol or formula on which it depends, can be very difficult and provides greater instances of use than data-driven software. “