US Stock Capital Orlando Bravo Battles for Bitcoin and Crypto Growth
Orlando Bravo, the co-founder of US private equity firm Thoma Bravo, has spoken out in favor of cryptocurrencies, predicting a bright future for digital assets. Bravo revealed their crypto-related projections at CNBC’s Delivering Alpha conference earlier this week. His private equity firm recently participated in a fundraiser for the FTX Trading crypto exchange. Bravo strongly believes that these decentralized cryptocurrencies will see widespread adoption in the near future. While fighting for Bitcoin, the investor revealed that he himself has invested in the world’s largest cryptocurrency.
“How could you not like crypto? Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So he’s here to stay, â€Bravo said in his speech.
Responding to concerns about crypto, Bravo pointed out that blockchain technology, which supports the crypto ecosystem, is not only super powerful, but also comes with better use cases than software based on it. the data.
“For me, it’s pretty simple. More people are going to use in the future than today, and it’s going to be more established. Institutions are just starting to move there, and once that happens I think it will increase dramatically over the years. I am very optimistic, â€said Bravo.
Is crypto here to stay? “Absolutely”, says @OrlandoBravoTB.
“How could you not like crypto? And on top of that, the underlying blockchain technology can be very powerful.†#DeliveryAlpha pic.twitter.com/hpt2pBql11
– Alpha Delivery (@DeliveringAlpha) September 29, 2021
Voices supporting crypto have gotten louder in recent times.
For example, famous venture capitalist Chamath Palihapitiya recently said that Bitcoin is the modern replacement for gold.
Earlier this week, Tesla CEO Elon Musk also said in an interview that cryptocurrencies are indestructible.
However, the negative environmental impact of crypto mining has become a concern in several countries around the world.
On September 24, China imposed a blanket ban on crypto activities, making the act a legally punishable offense.
Cryptocurrency is unregulated digital currency, not legal tender and subject to market risk. The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV will not be liable for any loss resulting from any investment based on a perceived recommendation, forecast or any other information contained in the article.