Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, says he’s very bullish on bitcoin, expecting cryptocurrency to “increase dramatically.” He described: “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.
A “very optimistic” billionaire investor on Bitcoin
Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, spoke about bitcoin on Wednesday at CNBC’s Delivering Alpha conference. His net worth as of Sept. 29 was $ 6.3 billion, according to Forbes. Bravo would be the first billionaire born in Puerto Rico.
“How could you not like crypto?” he said at the conference, elaborating:
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.
“The underlying blockchain technology, whatever protocol or system you rely on, can be very powerful and sometimes provides better use cases than data-driven software,” added the billionaire investor.
In July, Thomas Bravo participated in a fundraiser for FTX Trading Ltd., owner and operator of the FTX cryptocurrency exchange.
Bravo also revealed on Wednesday that he had personally invested in bitcoin, stating:
For me, it’s pretty straightforward. 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.
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