The massification of Bitcoin is more within reach than ever since the birth of the cryptocurrency eleven years ago. And it is that, after being considered for a long time a cult object only for some fans of technology. The cryptocurrency created by Satoshi Nakamoto is opening a space within traditional investment portfolios. Including that of Shaan Puri, Director of Twitch, who moves 25% of his wealth to Bitcoin.
Bitcoin is not a new product, on the contrary, the cryptocurrency designed by Satoshi Nakamoto already has eleven years of life behind it. During which time, it has managed to go from having a community of just a few hundred people, to being used by millions around the world.
However, this number of users is nowhere near the number that Bitcoin requires to reach its goal, and become a realistic alternative to traditional fiat money. Well, to achieve this it would have to be recognized as a financial asset by most of the inhabitants of the planet, a point from which it is still quite far.
Despite this, in recent months there has been a trend towards acceptance of Bitcoin in traditional financial markets. As large banks and investment firms begin to take an interest in the crypto asset. While companies like Square invest heavily in virtual currency as part of their strategy to protect their capital.
Director of Twitch invests in Bitcoin
This institutional drive towards the acquisition of Bitcoin has also been reinforced by the increase in the price of the cryptoactive. Which recently exceeded its previous all-time high price. And even despite having retreated since then, it still remains close to $ 20,000 per BTC. Precisely what seems to have caught the attention of Twitch’s Chief Product Officer, Shaan Puri.
Thus, through your account Twitter, the Twitch executive announced that he moved 25% of his wealth to Bitcoin, as a form of investment for his capital. An aggressive move that, however, is not surprising amid the rush to enter the Bitcoin market as the cryptocurrency continues to rise.
In this way, Shaan Puri, who was also the CEO of the Bebo company before its acquisition by Twitch, would join investors who like Paul Tudor Jones are buying large amounts of Bitcoin. A bet that could bring you huge profits if BTC continues its bullish path.