Thoma Bravo co-founder and managing partner Orlando Bravo has invested in Bitcoin and expects the price to rise in step with broad crypto adoption. He said this at the CNBC Delivering Alpha conference.
Is crypto here to stay? «Absolutely,» says @OrlandoBravoTB.
«How could you not love crypto? And on top of that, the underlying technology of blockchain can be very powerful.» #DeliveringAlpha pic.twitter.com/hpt2pBql11
— Delivering Alpha (@DeliveringAlpha) September 29, 2021
“How can you not love cryptocurrency? It’s simply a great system — it’s decentralized and free from disagreements. And young people want to have their own financial system. So, it’s here to stay.”
In his view, the blockchain technology underpinning cryptocurrencies offers superior use cases to software built on traditional databases.
Bravo believes that institutions have only begun to come to the crypto market.
“Over time their numbers will grow significantly. I am optimistic,” he added.
Forbes estimates Bravo’s net worth at $6.3 billion; assets under management by Thoma Bravo total $83 billion.
Earlier, Thoma Bravo invested in the bitcoin exchange FTX in a Series B funding round worth $900 million.
Follow ForkLog news on Facebook.