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Topic: [2014-05-14] SCMP: Li Ka-shing boosts BTC investments amid currency crackdown (Read 1301 times)

legendary
Activity: 3766
Merit: 1217
A billionaire who buys it to bitcoin would be smart to make his investment public since it will likely inspire confidence in bitcoin. People are naturally followers and when the richest people in the world are investing in something, people want in.

Li Ka-shing is a very intelligent person. He knows the merits and demerits of making public any Bitcoin bulk purchase. He might have thought hard and decided against publicizing it.
legendary
Activity: 826
Merit: 1002
amarha
I'd like to see him publically buy a large chunk of actual btc.

No one buys Bitcoin publicly. Bitcoin is meant for anonymous trading, unlike the fiat currencies. And why should anyone do that publicly? Bitcoin is still banned in certain countries such as China.

A billionaire who buys it to bitcoin would be smart to make his investment public since it will likely inspire confidence in bitcoin. People are naturally followers and when the richest people in the world are investing in something, people want in.
legendary
Activity: 3766
Merit: 1217
I'd like to see him publically buy a large chunk of actual btc.

No one buys Bitcoin publicly. Bitcoin is meant for anonymous trading, unlike the fiat currencies. And why should anyone do that publicly? Bitcoin is still banned in certain countries such as China.
legendary
Activity: 826
Merit: 1002
amarha
I'd like to see him publically buy a large chunk of actual btc.
legendary
Activity: 3766
Merit: 1217
Asia’s richest man Li Ka-shing in love with bitcoins.

Just compare Li Ka-shing with Warren Buffet. The former is not afraid of new innovations and ideas, and the latter is afraid of new technology. After 2-3 years, we'll know who was right.  Grin
sr. member
Activity: 434
Merit: 250
Asia’s richest man Li Ka-shing in love with bitcoins.
legendary
Activity: 980
Merit: 1000
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http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

Quote
Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its widespread popularity in China. Despite the price of a bitcoin tumbling from political pressure, the billionaire tycoon has poured an undisclosed amount of money, believed to be worth millions of dollars, into Bitpay, the bitcoin equivalent to PayPal, through his venture capital investment company Horizons Ventures.

He knows bitcoin can not be cracked down , its that simple.
legendary
Activity: 3766
Merit: 1217
http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

Quote
Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its widespread popularity in China. Despite the price of a bitcoin tumbling from political pressure, the billionaire tycoon has poured an undisclosed amount of money, believed to be worth millions of dollars, into Bitpay, the bitcoin equivalent to PayPal, through his venture capital investment company Horizons Ventures.
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