and he is only bought 11 BTC, how is that going to help the poor?
when its billionaire that buys BTC its always in my thoughts that the guy wanna evade tax lol i hope i'm wrong. i'm sure this isn't his first time buying BTC. the billionaires in the planet are often discussing how much their stocks grew and all everyday with billionaire friends. he must have learned btc to few long time ago like draper.
Topic: [2019-12-14] Billionaires Buying Bitcoin: Bill Pulte Announces 11 BTC Purchase - page 2. (Read 371 times)
December 15, 2019, 01:09:05 PM
December 15, 2019, 12:52:36 PM
He wants to use Bitcoin to help the poor? If he uses fiat to buy Bitcoin and then he donates the Bitcoin, the Bitcoin will still be converted into fiat.
Quote
“Cryptocurrency can help the world’s poorest…especially those who are “unbanked” … as a philanthropist, I, therefore, want to promote adoption. Leave a comment [on] why you need Bitcoin and I’ll pick one person to send some satoshis to … Yes, this is real.”
Do not forget that many of the poor and many people in the world do not have bank accounts or do business with banks.
Transferring cash to the African continent will be difficult, with regulatory restrictions and taxes.
I think that the dollar is good in this field, it can be donated to all parts of the world, or it could be a start to benefit from it for advertising gain. "he helps the poor and uses the new technology," including the experience of return on investment in this currency.
December 15, 2019, 02:04:18 AM
And what does this have to do with anything?
It's absolute non-news.
Just because someone with a high net worth bought BTC doesn't mean that all of a sudden BTC prices are going to hike. The fact is that demand of BTC is shaped by way more than that, with institutions and traders on leverage potentially having greater influence than even billionaires who simply buy a few BTCs here and there.
It's absolute non-news.
Just because someone with a high net worth bought BTC doesn't mean that all of a sudden BTC prices are going to hike. The fact is that demand of BTC is shaped by way more than that, with institutions and traders on leverage potentially having greater influence than even billionaires who simply buy a few BTCs here and there.
December 14, 2019, 09:06:23 PM
Billionaire Bill Pulte is joining the crypto community. He wants to use Bitcoin to help the poor.
https://bitcoinist.com/billionaires-buying-bitcoin-bill-pulte-announces-11-btc-purchase/
https://bitcoinist.com/billionaires-buying-bitcoin-bill-pulte-announces-11-btc-purchase/
He wants to use Bitcoin to help the poor? If he uses fiat to buy Bitcoin and then he donates the Bitcoin, the Bitcoin will still be converted into fiat. This is not at all practical. Well, at least he is promoting it but if he really wants to help the poor he should help the poor with fiat. Many poor families are residing in areas where development is at its lowest. And I think Bitcoin payment does not thrive in those areas. If he wants to join the crypto community he should instead invest in Bitcoin, build more commercial businesses accepting Bitcoin payment.
December 14, 2019, 08:08:22 PM
Billionaire Bill Pulte is joining the crypto community. He wants to use Bitcoin to help the poor.
Is he distributing the same digital asset to the needy and the poor? Well, I am hoping he will be doing it on a large-scale and aside from charitable intention he should be holding some for future growth. I think that this move can be helping the cause of Bitcoin a lot and let's likewise hope that this can be encouraging other rich people to also jump into the bandwagon. These people can easily afford Bitcoin and can be influential on their moves.
December 14, 2019, 12:56:30 PM
Billionaire Bill Pulte is joining the crypto community. He wants to use Bitcoin to help the poor.
https://bitcoinist.com/billionaires-buying-bitcoin-bill-pulte-announces-11-btc-purchase/
https://bitcoinist.com/billionaires-buying-bitcoin-bill-pulte-announces-11-btc-purchase/
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