Orlando Bravo, co-founder and managing partner of private equity company Thoma Bravo – reportedly shared his firmly supporting attitude towards the crypto market, via a CNBC interview. 

Specifically, the billionaire businessman – who has in his possession one of the biggest private equity entities globally, with total assets it currently offering management services to is equivalent $83 billion as of June 30 – reportedly revealed a “bullish” mindset, regarding the investment he made in Bitcoin. 

“How could you not love crypto? […] Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So, it is here to stay.” Bravo delightfully remarked regarding the emergence of the sphere, when stumbling upon a query focusing on the potential of virtual assets. 

Thoma Bravo was reportedly a participant in FTX’s $900-million Series B funding round – the biggest ever recorded across the crypto exchange sphere – together with 60 venture capital and crypto entities, some of which are Sequoia Capital, Coinbase Ventures, VanEck and the Paul Tudor Jones family. 

The funding has reportedly helped FTX achieve an impressive number of value, reaching up to a staggering $18 billion, granting the exchange status of a decacorn.

“The underlying technology of blockchain, regardless of what protocol or what system you are building upon, can be very powerful and sometimes provides better use cases than data-based software.” Bravo also shared his praise for blockchain, firmly believing that the underlying tech could bring enhancements to the existing networks. 

Another key figure in the sector and a crypto advocate, Elon Musk, reportedly also supports the adoption of crypto, but told people to be careful when it comes to government inventions.