“Cryptocurrency will continue to exist”

Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo Express In an interview at CNBC’s Delivery Alpha 2021 conference on Wednesday, he firmly supported the cryptocurrency market, indicating that he was “very optimistic” about his personal investment in Bitcoin (Bitcoin).

The billionaire businessman owns one of the world’s largest private equity companies. As of June 30, 2021, the company’s assets under management (AUM) were $83 billion. When asked about the potential of digital assets, Bravo happily talked about the emergence of this field:

“How can you not like encryption? […] Encryption is just a great system. It is frictionless. It is decentralized. Young people want their own financial system. So, it stays here. “

Thomas Bravo Participated in FTX 900 million US dollars in Series B financing -The largest transaction in the history of crypto trading-Together with 60 venture capital and crypto companies, including Sequoia Capital, Coinbase Ventures, VanEck and the Paul Tudor Jones family. This funding soared the value of FTX to 18 billion U.S. dollars, making the exchange a decacorn.

In the interview, Bravo also spoke highly of the underlying technology of blockchain, an encryption technology, and expressed his belief that it can improve the current system:

“The underlying technology of the blockchain, no matter what protocol or system you are building, can be very powerful and sometimes provides better use cases than data-based software.”

Subscribed to similar sentiments is the cryptocurrency maverick Elon Musk, who Interview with CNBC At the code conference in California on Tuesday. Musk advocated the use of cryptocurrency, but warned against government inventions: “I think it is impossible to destroy cryptocurrency, but the government may slow down its development.”

When asked about his instinct to regulate the ecosystem, Musk responded in a laissez-faire tone, claiming: “I would say,’Do nothing.'”

related: The bears intend to fix the Bitcoin price below $43,000 until the expiration of $700 million on Friday

Data from Cointelegraph Markets Pro with Transaction view Shows that Bitcoin is experiencing a period of low investor morale China bans crypto assets nationwide for the 19th time In addition to the sharp price correction of $53,000 that we witnessed a few weeks ago.