Billionaire Orlando Bravo Owns Bitcoin, Says 'It Will Increase Significantly, I’m Very Bullish'

Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, says he is very bullish on bitcoin, expecting the cryptocurrency to “increase significantly.” He described: “Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So it is here to stay.”

Billionaire Investor ‘Very Bullish’ on Bitcoin

Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, talked about bitcoin Wednesday at CNBC’s Delivering Alpha conference. His net worth as of Sept. 29 is $6.3 billion, according to Forbes. Bravo is reportedly the first Puerto Rican-born billionaire.

“How could you not love crypto?” he said at the conference, elaborating:

Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So it is here to stay.

“The underlying technology of blockchain, regardless of what protocol or what system you are building upon, can be very powerful and sometimes provides better use cases than data-based software,” the billionaire investor added.

In July, Thomas Bravo participated in a funding round for FTX Trading Ltd., owner and operator of the cryptocurrency exchange FTX.

Bravo also revealed Wednesday that he has personally invested in bitcoin, stating:

For me, it’s pretty simple. More people are going to use in the future than today, and it’s going to be more established. Institutions are just beginning to go there, and once that happens, I think it will increase significantly over the years. I’m very bullish.