Mexican billionaire Ricardo Salinas took Twitter to announce that 10% of his liquid net worth is invested in Bitcoin.
As big investors continue to mop-up Bitcoin, the journey to $20,000 and above seems very likely.
Ricardo Salinas has business interest in areas that include telecommunications, media, financial services, and retail.
10% of liquid net worth being invested in Bitcoin also underscores the view that the cryptocurrency is increasingly being viewed as a store of value. This is one of the critical functions of fiat currency.
In another relatively recent news, Billionaire hedge fund manager Paul Tudor Jones opined that Bitcoin is still in its first innings.
Don't be surprised if Bitcoin is 2x or 3x in the next few years.
Note that the Bitcoin circulation is currently limited to 21 million. If more billionaires continue to buy Bitcoin, the supply-demand mismatch would make the cryptocurrency go ballistic.
No target is unreal. In particular, when governments around the world are printing money.
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I bet way more billionaires own Bitcoin, it's just that they don't brag about it on TV.
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@acsontop That's true. The supply is being gradually absorbed from the market. Once Bitcoin surges further, other quality coins will also follow. LEO is one of the quality coins.
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I just want 6 coins to follow: BAT AVA LTC REQ HIVE LEO
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I saw that someone shared his Tweet yesterday. I think it's interesting and it is a good advertisement for Bitcoin and Crypto. I don't know how many more millionaire or billionaires own Bitcoin, it would be interesting to know.
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