American Equity Capitalist Orlando Bravo Bats for Bitcoin and Crypto Growth

Orlando Bravo, co-founder of American private equity firm Thomas Bravo, supports cryptocurrencies and predicts a bright future for digital assets. Bravo revealed his crypto-related predictions at CNBC’s Delivering Alpha conference earlier this week.

His private equity fund recently participated in a crypto exchange FTX trading fundraising campaign. Bravo is confident that these decentralized cryptocurrencies will be widely adopted in the near future. While batting Bitcoin, investors revealed that he had invested in the world’s largest cryptocurrency.

“Why didn’t you love crypto? Cryptography It’s just a great system. There is no friction. It is decentralized. And young people want their financial system. So stay here, “Bravo said in a speech.

To address cryptocurrency concerns, Bravo emphasized blockchain technology. Cryptographic ecosystemIs not only very powerful, but also comes with better use cases than database software.

The voice of supporting cryptography has been increasing recently.

For example, renowned venture capitalist Chamas Paris Hapitiya recently said Bitcoin A replacement for modern gold.

Earlier this week, Tesla CEO Elon Musk said in an interview that cryptocurrencies cannot be destroyed.

Negative Environmental impact However, the issue of cryptocurrency mining has emerged as a concern among several countries around the world.

On September 24, China imposed a blanket Cryptography prohibited An activity that makes an act a legally punishable crime.

October 01, 2021