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Topic: Asia's richest man invests in Bitcoin - page 2. (Read 2485 times)

newbie
Activity: 18
Merit: 0
he's probably just investing a small amount, trying to diversify his assets.. it doesn't necessarily mean that he will use his weight to protect bitcoin's development, but maybe it is.

You are right, however in my opinion the amount of his investment is not as important, as the information for wider public that goes beneath - another successful enterpreneur thinks that Bitcoin is here to stay - in the aspect of good publicity it's priceless.
legendary
Activity: 3752
Merit: 1217
Interesting, and glad that Li Ka Shing is in support of Bitcoin. I don't think China's impact is that strong. Already, with a restriction on putting money into support Bitcoin by the Chinese government, the impact no longer pushes Bitcoin's price down. It will be a matter of time when there are new ways to circumvent the rules, and Chinese demand continues to grow.

What Li Ka Shing has to do with China? He is a citizen of Hong Kong. Bitcoin is not banned in Hong Kong, and actually the authorities there are very supportive of the digital currency.
sr. member
Activity: 434
Merit: 250
Interesting, and glad that Li Ka Shing is in support of Bitcoin. I don't think China's impact is that strong. Already, with a restriction on putting money into support Bitcoin by the Chinese government, the impact no longer pushes Bitcoin's price down. It will be a matter of time when there are new ways to circumvent the rules, and Chinese demand continues to grow.

not anymore at least. china's been yanking on bitcoin so much that its effect has been muted - the price is already calculated in considering the fact that china is so wishy washy.

i don't know how much china's effect has brought down bitcoin value, since the mtgox crash has also had a big impact on price.
sr. member
Activity: 434
Merit: 250
May 19, 2014, 02:25:57 AM
#9
Interesting, and glad that Li Ka Shing is in support of Bitcoin. I don't think China's impact is that strong. Already, with a restriction on putting money into support Bitcoin by the Chinese government, the impact no longer pushes Bitcoin's price down. It will be a matter of time when there are new ways to circumvent the rules, and Chinese demand continues to grow.
legendary
Activity: 3752
Merit: 1217
May 17, 2014, 03:38:05 AM
#8
This news has attracted wide spread publicity in the Chinese language mainstream media. Let's hope that more and more mainland Chinese will learn about the Bitcoins as a result of this hype.
legendary
Activity: 896
Merit: 1000
May 16, 2014, 10:46:36 PM
#7
he's probably just investing a small amount, trying to diversify his assets.. it doesn't necessarily mean that he will use his weight to protect bitcoin's development, but maybe it is.
I'm inclined to believe that this is the case much more. After all, his overall personal wealth is well over 5 times the amount of the Bitcoin market cap.

Of course though, he could just quietly buy for a little while, further the already existing infrastructure and end up with even more wealth. Admittedly, that wouldn't be bad at all for the long-term of Bitcoin.
sr. member
Activity: 434
Merit: 250
May 16, 2014, 08:56:00 PM
#6
he's probably just investing a small amount, trying to diversify his assets.. it doesn't necessarily mean that he will use his weight to protect bitcoin's development, but maybe it is.
full member
Activity: 191
Merit: 100
May 16, 2014, 07:08:00 PM
#5
Oh wow, bitcoin is here to stay!
full member
Activity: 224
Merit: 100
May 16, 2014, 11:03:41 AM
#4
http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

Some other investors: Charles Branson, founder of Yahoo Jerry Yang, and PayPal founder Peter Thiel.

Hope that such news will encourage others. Enough bad publicity for BTC already!

Very very old news...
newbie
Activity: 18
Merit: 0
May 15, 2014, 07:00:30 AM
#3
30 mln dollars - well, I hope it won't pass unnoticed by markets. More BTC-oriented people --> more transactions --> faster revolution. Wink

More good news:
http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/
hero member
Activity: 574
Merit: 500
Richard Coleman - Chief Executive @ CloudThink.IO
May 15, 2014, 06:28:33 AM
#2
I also think this is good news. Lets hope more will follow.
newbie
Activity: 18
Merit: 0
May 15, 2014, 06:27:10 AM
#1
http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

Some other investors: Charles Branson, founder of Yahoo Jerry Yang, and PayPal founder Peter Thiel.

Hope that such news will encourage others. Enough bad publicity for BTC already!
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