Billionaire investor bullish on Bitcoin: ‘Crypto is here to stay’
Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, expressed his unwavering endorsement of the cryptocurrency market in an interview at CNBC’s Delivering Alpha 2021 conference on Wednesday, revealing that he is “very bullish” on his personal investment in Bitcoin (BTC). The billionaire businessman owns one of the world’s largest private equity firms, which boasts assets under management (AUM) of $83 billion as of June 30, 2021. Questioned on the potential of digital assets, Bravo spoke with delight on the emergence of the space: Thoma Bravo participated in FTX’s $900-million Series B funding round — the largest in crypto exchange history — alongside 60 venture capital and crypto firms, including Sequoia Capital, Coinbase Ventures, VanEck and the Paul Tudor Jones family. The funding resulted in FTX’s value soaring to a colossal $18 billion, establishing the exchange as a decacorn.
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- CoinRado.com