This private-equity billionaire is “very bullish” on Bitcoin, Here’s Why
Another Billionaire added to the list of Bitcoin supporters as the 2021 third quarter approaches a considerably bear end. Co-founder of Orlando Bravo, Thoma Bravo recently revealed that not only he owns Bitcoin, in fact, he is also “very bullish” on the cryptocurrency. Bravo asserted that Bitcoin’s limited supply is one of many reasons he supports the currency. Furthermore, he emphasized that he sees Bitcoin adoption by the masses in near future. He argued that Bitcoin’s institutional adoption has already been initiated and it won’t be long before we start witnessing positive demand in the market.
“How could you not love crypto?” the private equity billionaire said Wednesday at CNBC’s Delivering Alpha conference.
Tesla CEO’s Bitcoin argument
Crypto’s institutional adoption and mass implementation are set to take off anytime now. With Crypto Billionaire and Tesla CEO arguing on behalf of the community against the regulatory crackdown. Musk recently warned the U.S. government against their expanding crypto crackdown, reinstating that they should “Do Nothing” to slow down the crypto industry to a strict regulatory framework.
“It is not possible to, I think, destroy crypto, but governments can slow down its advancement,” Musk responded to the New York Times journalist’s question about whether the U.S. government should be involved in regulating the crypto sphere or not. “I would say, ‘Do nothing,’” he added.
Bitcoin payment gateway projects
New crypto partnerships are blossoming in the market to facilitate easier crypto payments gateways to incorporate virtual currency into daily life. The latest partnership between crypto payment processors, BitPay Inc. and Verifone Inc., one of the world’s largest providers of credit card machines, announced its crypto payment gateway project.
According to the companies’ Tuesday statement, towards the end of 2021, the crypto payment gateway partnership aims to begin accepting crypto payments for U.S. merchants, facilitating several tokens. The unique feature of this payment gateway project, according to BitPay is that it will provide protection from one of the biggest concerns of investors. BitPay claims that issues of price volatility and liquidity will be taken care of as the funds will be settled into the merchant’s bank account in traditional currency, immediately after a transaction is completed.