The Billionaire and their $425 million bet on Bitcoin

By Dennis76 | Looking after yourself | 5 Nov 2020

Another large investor has just bought big into Bitcoin, with a $425 million purchase recently. This video outlines his thoughts about Bitcoin, noting that years ago, he was not a fan of Bitcoin and thought it was not a reasonable long term investment.

Now he is of the view that Bitcoin is to be bought and held, and never sold off. These sort of long term investors and their large purchases may well be behind the recent stability in the Bitcoin price.