Another billionaire just invested in bitcoin - page 4.

bitterguy28

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Quote from: Traderbtcc on November 18, 2020, 03:48:36 PM

With the recent rise in bitcoin price now, which has successfully drawn attention all over the world, it also caught the attention of a Mexican billionaire who recently invested 10% of his liquid portfolio into bitcoin according to Cointelegraph, the man in person is Ricardo Salinas Pliego who is the second richest man in Mexico, he also shared a video showing banks throwing out garbage bags filled with paper money into a dumpster,looks like he got tired of using paper money after seeing that Cheesy

.

Link to the full article here : https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin/

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

So this is one of the reason of the recent pump that bitcoin reached $18,000?10% of billion dollars is good enough investment for a single person.
So what if another billionaire follows him and then and then.we will see another billion dollars added into the market cap.
hoping he will be contented and increase His investment up to 50% of his wealth.

kentrolla

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These people are early adopters who want to take it as an opportunity to invest nothing more, The more you buy the dearer it comes in return. Also they just invest it for a Security purpose for their future, here they jump only if the price is extremely high and they will not be greedy. Since BTCs domination is booming on the internet surface and news more people will pour money in BTC just wait and watch.

LogitechMouse

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With Bitcoin gaining traction in the internet.
With Bitcoin being talked by too many people around the world.
With Bitcoin rising up as of now.
With Bitcoin being popular on Youtube right now because many content creators are speaking about its recent move.

I believe that there are more rich people who will invest into Bitcoin. They are coming one by one and in the future, more will come. Bitcoin is dead? Bitcoin will go to zero? F*ck them all.

Darker45

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Quote from: aesma on November 18, 2020, 07:59:30 PM

Is it the first time someone very wealthy tells us how much he put in BTC (allegedly) ? That's definitely a significant move, and 10% is the right amount I feel, if it goes to zero he's not too hurt, if it goes up it's enough to continue to be very rich even if the other 90% of stuff he owns goes to zero.

Nope, not the first time.

Michael Saylor, Microstrategy's CEO, also made public pronouncements of his $240 million in Bitcoin. Michael Novogratz also made it public how much percentage of his net worth is in Bitcoin and Ethereum. Twitter's Jack Dorsey also provided some hints. And who hasn't heard of the famous twins Tyler and Cameron Winklevoss' public revelation that they own around 1% of the entire Bitcoin in circulation? The list goes on.

yazher

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Quote from: qualitywork on November 18, 2020, 04:18:50 PM

Great news, I hope other billionaires will follow the same as it will push Bitcoin towards it's ATH value but this comes with great risk as well because the more rich people invest into Bitcoin the more it becomes like a gambling wherein they may cashout anything sending shockwaves across the bitcoin's community like whales did last time.

I think this kind of news nowadays has trigger bitcoin price to rise up to $17,000+ yesterday and if you are right, the other fellow billionaires will follow his footstep the price will gain another ATH and that would be good for the industry. as bitcoin being the top-selling cryptocurrencies in the market will gain another popularity to those people who still have a doubt in their heart to invest in bitcoin. Sometimes it just takes some time to gain its momentum but as they can see with their own eyes, it's happening right now slowly but surely.

malikg18

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It is happy news to us that more peoples are coming to bitcoin. Due to their investments Price of BTC is going up and up and it is almost near to touch or cross to its almost ATH.Hope to more increment of Funds.

aesma

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Is it the first time someone very wealthy tells us how much he put in BTC (allegedly) ? That's definitely a significant move, and 10% is the right amount I feel, if it goes to zero he's not too hurt, if it goes up it's enough to continue to be very rich even if the other 90% of stuff he owns goes to zero.

Shasha80

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The increase in the price of Bitcoin in a pandemic situation like now has attracted some rich people to invest in Bitcoin.
After Paypal was interested in Bitcoin, now it's Ricardo Salinas turn to invest 10% of his liquid portfolio into Bitcoin.
This makes me believe Bitcoin will actually hit new ATH prices by the end of this year, even the price of Bitcoin is now at
the price of $ 17,800. It's getting closer to the price of ATH, and it's going to hit $ 19,000 soon.

ice098

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They've probably fear the banks unlimited printing power thus making their money useless in the future due to inflation. In time we'll be seeing more billionaire's investing even big multi billion companies are adapting and putting atleast 10% of their portfolio, and with Bitcoin's scarce supply it wouldn't be enough to sustain all the demand. Better accumulate while its still early and most Institutional investors are starting to discover the brilliance of BTC.

Its just a good indication that bitcoin today were continue to become a good rising investment that even billionaires were being attracted to it. Well in fact it is a good investment that every billionaires shouldn't missed out since the inflation of each country were keep on getting higher each year and so time may come that the fiat currency may become less worth than it was used before. This 10% investment of this man really adds up to the good market value of bitcoin.

CarnagexD

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I'm hopeful that bitcoin will reach ATH within this year but I'm not so confident about these billionaires and whales cashing in more and more into the system. Whales are good as part of a presale but as soon as they cash out, it's going to cause a huge panic to the ones below them. Hopefully they don't cash it all by December or all bitcoin investors will go bananas.

erikoy

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If that man has been putting his money now then possibly he is one of the reason with the bitcoin bullish. I had seen good in bitcoin lately and I think we are heading to ATH that can possibly beat the 2017 ATH. The best part of bitcoin when one investing in it is how fast it could grow and and also could fall down. It has a goog volatility in which traders or investors can take advantage in it. Like when you invested in Jan 2020 where market falls to 3k$ and just present it grows to more than 17K$ so in that short period of time one can earn so high. Just like earning fast and easy money if being one knows when to invest.

2double0

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It is not the halving alone, Coronavirus have played a leading role in making people globally understand the importance of btc and they are now rushing to secure their future by investing in it. I don't know how he will manage to get so many bitcoins so easily. Even if he does, say if just 10% of the global billionaires invest just 1% of their total portfolio, thought where will the price be? Say if Bill Gates opens up his heart's gates and release those fiat bills to enter btc markets, there will be a tsunami of money and the bull run will be too much different than now.

chaser15

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The billionaire maybe owns bitcoin for a long and that was 10% of his liquid portfolio.

He never said it was just recently where he invested in bitcoin. He just responds to those people who keep asking him if he has bitcoin.

He's clearly not a new player in crypto but not his priority.

Kelvinid

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Ain't this to wonder, the price of Bitcoin moving high again and that mostly it caught attention to the public just like how 2017 makes a huge drama where a lot of millionaires are investing Bitcoin then. This person gets an interest because of what he sees but I don't know if he ask for some advice from others and knows the risk he has to face.

This will help the market to rally more and hitting for $18k. And this person will give some encouragement to others but just to give some advice, don't get inspired by these huge pumps and think it will never stop, but rather to get prepared for the time it burst.

oktana

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This is really great news! The most amazing part is that Bitcoin price has actually been increasing recently and this is hard for most millionaires and billionaires to overlook.

Quote from: Traderbtcc on November 18, 2020, 03:48:36 PM

Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

Same here. I knew it was possible when it was about $16k. Today, it's almost $2k more and to me, I don't see how it won't reach or even surpass $20k (based on how it's been going lately).

lionheart78

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With this kind of investor joining the Bitcoin industry, it is not far that Bitcoin will reach its new ATH before the end of this year. Remember, once the price continues to surge, there is a huge possibility for FOMO to take place in the market.

Westinhome

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This is a biggest news for the bitcoin their will be happening in the future of bitcoin again.
As of now bitcoin is knowing those biggest investor in whole world Ill think some of them are started invested for a few amount only but if they see of how bitcoin can do maybe more investor will come. And now bitcoin are in a high price many investor wanted to invested money from it.

mangsitin

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Cyinthia Lummis, as a senator in the city of Wyoming, USA, admitted to having bought bitcoin in 2013. She is very friendly with the crypto world and admits that she will bring bitcoin and the crypto world to the national level. Grayscale, the issuing company of "Bitcoin Stock GBTC" claims to own and manage 500,000 Bitcoins. this is very extraordinary. And I think, bitcoin investor target is up to $ 20000 this year.

AmoreJaz

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Quote from: Oilacris on November 18, 2020, 05:14:22 PM

Quote from: Traderbtcc on November 18, 2020, 03:48:36 PM

With the recent rise in bitcoin price now, which has successfully drawn attention all over the world, it also caught the attention of a Mexican billionaire who recently invested 10% of his liquid portfolio into bitcoin according to Cointelegraph, the man in person is Ricardo Salinas Pliego who is the second richest man in Mexico, he also shared a video showing banks throwing out garbage bags filled with paper money into a dumpster,looks like he got tired of using paper money after seeing that Cheesy

.
Aside from this news, from the look of things, I feel like bitcoin will hit its ATH before the end of the year, yet again bitcoin halving brings another bull run.
What's are your thoughts about this guys?

You can really expect these kind of news and events when bitcoins price is almost into its peak or ATH where it is really that appealing or turn out to be interesting into those people specially to those who are billionaires.

They wont really be missing out the bandwagon and this is what i called risk management yet even he's a billionaire he do still consider on putting only 10% of his assets which is really a wise thing to be done.

Expecting for some bull run? We are heading there but dont expect much that there would be no crash or price correction after wards.

a lot of people are now riding the popularity of bitcoin, now that we are having the price surge in the market. of course, aside from media attention, this will also do good for his investments.
but anyway, not complaining here if they will contribute the adoption of crypto from noncrypto users. but i do believe that paypal's move towards crypto did really have an impact with the mentality of some users. those who were having second thoughts to btc or crypto, with regards to being labeled as used in fraudulent activities, have already changed their minds.

hatshepsut93

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Quote from: bakasabo on November 18, 2020, 04:43:32 PM

When I see articles like this, when some very rich person invests huge amount of money on something or buys something, and makes announcement of that, first think that came to my mind is "it's a trap!". Why would someone announce that he spends a lot? Sometimes this persons is in bad financial situation and with such move he just want to get attention to something and sell something for a good price.

If I go now to the street and say "Bitcoin reached 18k, I had 10 coins and exchanged them to fiat". I would immediately got robbed, or would be a person of an interest for tax department.

I think you're overthinking it, it's normal for rich people to sometimes being open about what they invest in - perhaps they want the price of their asset to go up by announcing that they are bullish. The whole world already know that they are rich, it's not like they are going to now get robbed because they told that they own BTC. Besides, their BTC probably sits in some custodial wallet, and even if not, they have enough physical security to not worry about such things.

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