Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, expressed his unwavering support for the cryptocurrency market in an interview at CNBC’s Alpha 2021 Delivery Conference on Wednesday, stating that he is “very optimistic” about his personal Bitcoin investment. (BTC). ).
The billionaire businessman owns one of the world’s largest private equity firms with $83 billion in assets under management (AUM) as of June 30, 2021. Bravo was happy to talk about the company’s growth:
“How can you not love cryptocurrency? […] Crypto is just a wonderful system. It is frictionless. It is decentralized. Young people want their own financial system. So it is here to stay.”
Toma Bravo has participated in a $900 million Series B FTX funding round – the largest in crypto history – along with 60 crypto and investment firms including Sequoia Capital, Coinbase Ventures, VanEck and the Paul Tudor Jones family. The funding pushed the value of FTX to $18 billion, making the stock market a real treat.
In an interview, Bravo also spoke out loud about blockchain, the technology behind cryptocurrency, and expressed his confidence that it can improve the existing system:
“The technology behind the blockchain, no matter what protocol or system you use, can be very powerful and sometimes offer better use cases than computer software.”
Crypto dissident Elon Musk joined in with the same sentiment, speaking to CNBC at the Code Conference Tuesday in California. Musk advocated the use of cryptocurrencies, but cautioned against government invention: “I don’t think you can destroy cryptocurrency, but governments can slow down development.”
When asked about his instincts to regulate the ecosystem, Musk replied in a casual tone, saying, “I would say, ‘Do nothing.'”
On the subject: Björner plans to lock the bitcoin price below $43,000 before it ends Friday at $700 million.
Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin is experiencing a moment of lower investor sentiment following China’s 19th nationwide ban on crypto-assets, as well as a sharp price adjustment from $53,000 a few weeks ago.