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Orlando Bravo, the co-founder of American private equity firm Thoma Bravo, has batted in favor of cryptocurrencies, predicting a glowing future for digital assets. Bravo revealed his crypto-related projections at CNBC’s Delivering Alpha conference held earlier this week. His private equity company recently participated in a fundraiser for crypto exchange FTX Trading. Bravo firmly believes that these decentralized cryptocurrencies will witness widespread adoption in the near future. While batting for Bitcoin, the investor revealed that he has invested in the world’s largest cryptocurrency.

The billionaire businessman owns one of the world’s largest private equity firms, which boasts assets under management (AUM) of $83 billion as of June 30, 2021. Questioned on the potential of digital assets, Bravo spoke with delight on the emergence of the space:

“How could you not love crypto?… 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.”

As CNBC reports, Bravo’s private equity firm has recently participated in a Series B funding round for cryptocurrency exchange FTX, which was valued at $18 billion. Brave revealing during the conference he personally invested in BTC as for him more people will start using it in the future and help it become more established.

In the interview, Bravo also spoke highly of blockchain, crypto’s underlying technology, conveying his belief that it could improve the current system:

“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.”

Bravo is only the latest billionaire to openly support Bitcoin as it seems that the network and the ideals it promotes are gaining a lot of traction with the billionaire class. This may indicate that the category holds Bitcoin in very high regard as an investment vehicle. Notably, Bitcoin has been shown to outperform gold in return on investment in the last few years and as a store of value and inflation hedge asset.

This year, billionaires including Elon Musk, Micheal Saylor, Jack Dorsey, and Paul Tudor Jones have had a strong influence on the market performance and adoption of Bitcoin. Musk’s Tesla and SpaceX, as well as Saylor’s MicroStrategy, hold Bitcoin on their balance sheets, with MicroStrategy even adopting a Bitcoin standard. Paul Tudor Jones described Bitcoin as a great portfolio diversifier to protect his wealth over time and revealed that he could “go all-in on the inflation trades,” increasing his exposure to gold, Bitcoin, and commodities.

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