[ad_1]
Orlando Bravo, the co-founder of Thoma Bravo, has stated that his firm will soon invest in companies involved in the blockchain sector. This announcement comes a week after Bravo stated that he was bullish on Bitcoin.
Thoma Bravo Investing in Blockchain
Orlando Bravo was speaking during the Bloomberg Invest Global virtual conference on October 7. During the conference, Bravo responded positively to a question that inquired whether his firm had plans to invest in the cryptocurrency sector.
The billionaire investor further noted that his firm has already ventured into the cryptocurrency sector, as it is a “lead investor in the growth equity round of FTX.” FTX is one of the leading cryptocurrency exchanges globally. Furthermore, he added that Thoma Bravo would play a huge role in the cryptocurrency sector in the long term.
“We will be big players on the buyout side as this industry matures – especially around blockchain technology.”
Orlando Bravo further noted that blockchain technology offers better use cases compared to other existing technologies. It can solve real-world issues in a more efficient and faster manner than other technological products.
Thoma Bravo is a private equity company that mainly deals in software and technology firms. Orlando stated that blockchain technology shows that the software and technological ecosystems had expanded; hence investments in this industry will be in line with the company’s goals.
However, he also stated that his company would start slow in the investment plans for this space. Hence, they would not start with huge buyouts but rather focus on a growth-equity model currently. He further stated that one of the most opportune areas in blockchain investments in late-stage growth equity.
Orlando goes Bullish on Bitcoin
While Orlando stated that his firm would look towards blockchain as a whole and not specific cryptocurrencies, the billionaire affirmed that he has personal investments in Bitcoin. When praising the coin, the investor stated that bitcoin was a decentralized, frictionless, and borderless network, and most young people preferred it. He also stated that bitcoin was a preferred tool to be used in hedging against inflation.
While he did not state the specific price that bitcoin would reach in the coming months or years, Orlando stated that he was “very bullish” on Bitcoin. He stated that one of the factors that will fuel Bitcoin’s price rally is increased adoption from institutional investors.
Orlando’s bullish prediction seems to be paying off, as the primary cryptocurrency recently reached $56,000, while its market cap has once again touched the 41 trillion mark.
Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!
67% of retail investor accounts lose money when trading CFDs with this provider
Read more:
[ad_2]
Source link
