Abra’s CEO Bill Barhydt has announced that he is currently holding 50% of his net worth in Bitcoins. Abra is one of the leading digital-asset exchanges that has seen significant traction over the long term.
Reasons To Believe In BTC “Fundamentals, Technicals, Sentiment”
Barhydt took to his Twitter account on amping up his Bitcoins portfolio, saying :
“A few weeks ago, I increased my ownership of #Bitcoin significantly and it’s now 50% of my investment portfolio. Why? I believe #Bitcoin is the best investment opportunity in the world right now. There are three reasons I believe this to be true today…Fundamentals, Technicals, and Sentiment.”
A few weeks ago, I increased my ownership of #Bitcoin significantly and it’s now 50% of my investment portfolio. Why?
Watch this video to find out why (and read on…) (1)https://t.co/YSj6dAXjDT
— Bill Barhydt (@billbarhydt) October 23, 2020
Bill Barhydt’s view on fundamentals highlights that the cryptocurrency’s decentralization and fixed supply is now getting more apparent than ever. In addition, he intends to say that in an increasingly digital world, Bitcoin’s privacy aspects are increasingly attractive and very much the need of the hour.
The ‘‘technicals’ part notes that Bitcoin comes with an in-built sophisticated technology, running on a peer-peer-peer network, proof-of-work consensus, and cryptography. However, this makes it to be one of the safest, secured, and transparent payment networks to be ever made.
While the ‘sentiment’ part calls attention to the current crypto market with BTC showing significant bullish emotion. Perhaps, Barhydt intends to say that this is the correct time to get into the cryptocurrency.
Industry Leaders Amping Up Their Bitcoin Portfolio
Bill Barhydt, who has worked previously among the likes of CIA and NASA, isn’t necessarily the only crypto leader to go fully into BTC. In a podcast, former hedge fund manager and the current CEO of Real Vision, Raoul Pal had also revealed that 60% of his net worth is now in Bitcoins.
Raoul Pal disclosed his investment portfolio while mentioning why he thinks going all on crypto is probably a good idea. Pal believes that the largest cryptocurrency by market capitalization is likely to explode even higher in the coming future.