Hong Kong billionaire Li Ka-shing, one of the richest names in the world, gives full support to Bitcoin with its investments.
Hong Kong billionaire Li Ka-shing, one of the richest people in the world, is a leading supporter of Bitcoin.
Ka-shing, who is 90 years old and known as Superman, has invested in Bitcoin and crypto-money platform Bakkt through its venture capital firm Horizon Ventures.
Bakkt announced last week that he completed the first round of financing and raised $ 182.5 million. Horizon Ventures was one of the investor companies that met some of this amount.
Bitcoin and other crypto coins made a positive start compared to 2019, after Bitcoin’s hard crypto money winter, which fell below $ 3,200 . Many market participants are eagerly looking forward to Bakkt, the parent company of the New York Stock Exchange, which will offer physical Bitcoin futures supported by Intercontinental Exchange.
Bakkt, together with Starbucks and Microsoft, aims to process physical Bitcoin futures from the first quarter of this year and to facilitate the use of crypto coins in daily life as well as to create an ecosystem that will simplify buying and selling.
Full support for Bitcoin
On the other hand, this is not the first support of Ka-shing to Bitcoin and Crypto coins. According to Forbes, Ka-shing, with a net worth of $ 35 billion, has also invested in Bitpay in 2013 through BitTorrent, the Bitcoin payment processor through Horizon Ventures, and in 2016 the Blockchain technology provider Blockstream. Billionaire name, the 23rd person in the world’s richest.
Ka-shing was one of many investors who gave Bitpay $ 30 million last year, along with Virgin’s founder and British billionaire Sir Richard Branson