Twitch CEO Invested In Bitcoin
Twitch CEO and former CEO of Bebo Shaan PURI invested 25% of his capital in bitcoins. In his opinion, bitcoin represents "a rare opportunity to front run a wave of institutional capital."
Recently, more and more institutional investors have shown interest in investing in bitcoin. JPMorgan analysts have observed the transfer of funds from gold exchange-traded funds (ETFs) to the Grayscale Bitcoin Trust for months. A survey by Fidelity shows that 60% of institutional investors believe bitcoin has a place in their portfolios.
In addition, a growing number of companies are also adding bitcoins to their treasury reserves. For example, Nasdaq-listed Microstrategy now owns 40,824 bitcoins and plans to buy more.