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Twitch CEO Invested In Bitcoin

14 December 2020 14:10, UTC
Anna Martynova

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.

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