Thoma Bravo’s Co-Founder is a bitcoin hodler who believes institutional adoption will skyrocket in the near future.
Orlando Bravo, a Puerto Rican billionaire businessman, believes cryptocurrencies will play a significant role in the future monetary system. He admitted that he owns bitcoin and believes that its value will rise in the coming years.
‘How Could You Not Adore Cryptocurrency?’
Orlando Bravo, Co-Founder and Managing Partner of Thoma Bravo, shared his bullish forecast for the digital asset industry. He described it as a “great,” “frictionless,” and “decentralized” system that is “here to stay.” Furthermore, it represents the desire of young people to have their own financial network. He concluded, “How could you not love crypto?”
The 51-year-old businessman also stated that he is interested in bitcoin and has made an investment in the primary digital asset. Bravo also believes that large institutions will begin allocating funds to it soon, which will lead to a price increase:
“It’s pretty straightforward for me. It will be used by more people in the future than it is now, and it will become more established. Institutions are just starting to go there, and once they do, I believe it will grow significantly over time. I’m very optimistic.”
Bravo, the first Puerto Rican-born billionaire, also praised cryptocurrency’s underlying blockchain technology. It is “very powerful and sometimes provides better use cases than data-based software,” he claims.
Other BTC Backers
Orlando Bravo’s statement adds to the list of prominent individuals who are bullish on bitcoin and believe that “crypto is here to stay.”
This is the case with Rick Rieder, the CIO of BlackRock. Last year, he praised the technology behind the leading digital asset, saying that younger generations are more open to financial innovation.
Furthermore, Rieder believes that BTC is far more functional than gold because it is much easier to send coins from one location to another via the internet rather than “passing a bar of gold around.”
Meltem Demirors, CSO of CoinShares, is another bitcoin bull. During the crypto crash in late June of this year, she opined that the price collapse of digital assets had a positive side effect, as the market would be cleansed of insecure investors.
”What we’re seeing is a correction, a contraction, and a lot of what’s being shaken out is what we call ‘paper hands,’ or ‘weak hands.'”
She went on to say that bitcoin “isn’t going anywhere.”