- Orlando Bravo, co-founder of private equity firm Thoma Bravo, told CNBC today that he is an investor in bitcoin and a believer in the potential to increase its value over the coming years.
- “Institutions are just starting to go in there, and once that happens, I think it will grow exponentially over the years,” Bravo said of Bitcoin.
- Thoma Bravo recently participated in a Series B funding round for Bitcoin exchange FTX, which is currently valued at $18 billion. Thoma Bravo has more than $83 billion in assets under management.
Bravo, who is also a managing partner at the private equity firm, shared his reason for being bullish on Bitcoin in the CNBCAlpha Delivery Conference on September 29th. He said that he personally invested in BTC and is very optimistic about the future of Bitcoin.
“For me, it’s very simple. More people will use it in the future than today, and it will be more established.” Institutions are just starting to go in there, and once that happens, I think they will increase exponentially over the years. I am optimistic. very “.
Bravo Private Equity has a long history spanning more than 40 years. It has focused on investing in software and technology companies for 20 years and has over $83 billion in assets under management as of June 30, 2021.
Companies have recently started to learn about the potential of Bitcoin. According to data from bitcointreasuries.net, the largest known company for bitcoin is MicroStrategy, a software company headed by a bitcoin and bull lawyer; Michael Saylor, with a stack of 114,041 BTC. Tesla comes in second with 43,200 BTC. In total, all bitcoin held in Treasuries account for approximately 8% of the total 21 million coin supply that will ever exist.
With companies starting to pay attention and rush to acquire bitcoin, the price will have no ceiling. With corporate FOMO, the limited supply of Bitcoin will drive the dollar’s value to levels no one can imagine. Bravo, bravo.