Who’s investing into Bitcoin & Bitcoin based Companies? and Why should you?
With 2015 being a good year for bitcoin, with a record of $1 Billion USD invested in to Bitcoin and Bitcoin related startup companies at years end. The Excitement still grows today with a total of $1.3 Billion USD at the time of this article. There are many well-known companies and individuals that have invested millions into this developing technology.
First of all, we will start off with the well known individuals that have heavily invested into bitcoin and its infrastructure, along with Companies. We will also mention people who have adopted it.
This article will be updated periodically.
Well Known Individuals
Richard Brandson – Sir Richard Charles Nicholas Branson is an English business magnate, investor, and philanthropist. He is best known as the founder of Virgin Group, which comprises more than 400 companies
Bloomberg interview with Richard Branson on Bitcoin
- BitPay – Richard Branson invested $30 Million USD & gave over 70 New Jobs.
Sir Li Ka-Shing – is a Hong Kong business magnate, investor, and philanthropist. According to Forbes, as of March 2016 Li is the richest person in Hong Kong and the second richest person in Asia, with an estimated net worth of US$27.1 billion.
South China Morning Post on Li Ka-Shing Bitcoin Investments
- BitPay – $2.7 Million
Bill Gates – In 1975, Gates and Paul Allen co-founded Microsoft, which became the world’s largest PC software company.
“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”
Bloomberg Interview with Bill Gates on Bitcoin
It is Unknown where he invested but Microsoft is accepting Bitcoin as Payments! Here is an article with Business Insider.
Marc Andreessen – is the co-founder of Andreessen Horowitz (along with Ben Horowitz), a private venture capital firm founded in 2009. He is also the co-founder of Netscape and a board member of Facebook Inc.
- 21 inc
- Ripple Labs
Winklevoss Twins – are American rowers and Internet entrepreneurs, Cameron Winklevoss and Tyler Winklevoss. In 2004, the Winklevoss brothers sued Facebook founder Mark Zuckerberg, claiming he stole their ConnectU idea to create the popular social networking site, and ultimately received $65 million.
Tim Draper – an American venture capital investor, and 1985 founder of the firm that would become Draper Fisher Jurvetson. Draper is also the founder of Draper Associates and Draper University.
Furthermore, Tim draper purchased over 30,000 Bitcoins from a US auction. Which was valued at the time $19Million
Hence, There is too many to write down but here is a quick list anyway
- Vinod Khosla ( Founder of Sun Microsystems )
- Jerry Yang ( Founder of Yahoo )
- Patrick Byrne ( CEO of Overstock )
- Eric Schimdt ( Chairman of Google )
” Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital word has enormous value. ”
- Reid Hoffman ( LinkedIn Co-Founder)
- Peter Theil ( Paypal Co-Founder )
” I do think Bitcoin is the first, that has the potential to do something like change the world. ”
- John McAfee
” You can’t stop things like Bitcoin. It will be everywhere and the world will have to adjust. World Governments will have to readjust. “
- Chamath Palihapitiya
” Its Money 2.0 a Huge huge deal “
- Ron Pal – Repluican Texas Congress
” I understand the politcal ramifications of Bitcoin and I think that governments should stay out of them and they should be perfectly legal “
- Al Gore – 45th Vice President of US
” I think the fact that within the bitcoin universe an algorithm replaces the functions of the government.. is actually pretty cool. I am a big fan of Bitcoin.”
- Edmund Moy – US Business Man, Former Director of US Mint.
” Bitcoin, and the Idea behind it will be a disrupter to the traditional notions of currency. In the end currency will be better for it ”
- Ashton Kutcher – Hollywood Actor (Invested in BitPay)
- Nas – Songwriter & Rapper
- Lily Allen – Singer
- Mel B – Former Spice Girl
- Donald Glover – Actor & Rapper
- Roseanne Barr – Actress & Comedian
- Drew Carey – Actor & Comedian
- Richard Sherman – Seattle Seahawks (Accepts Bitcoin Payments with his e-Commerce store)
- Snoop Dog – Actor & Rapper
- Chad Johnson ( Ochocinco ) National Football League Star
- Mike Tyson – Famous Boxer ( Invested in his own Bitcoin ATMs ‘BTMs’ )
And many many more!
Large Companies Invested into Bitcoin & Startup Companies.
There is so many companies that are investing into the infrastructure of bitcoin to make it easier for us to use this disruptive technology. Banks, Venture Capitalist, Tech Companies, and more. Below is a list with some of the companies that are developing blockchain and bitcoin technology.
Standard Chartered Bank
They have invested into
- Ripple Labs (Financial Services)
- Ripple Labs
- Elliptic (Wallets)
- Digital Asset Holdings (Financial Services)
Goldman Sachs Bank
- Circle ( Universal Financial Services ) Goldman Sachs & IDG Group Invested $50 Million into Circle.
- Digital Asset Holdings
Barclays was the first major bank to accept Bitcoin for charities. Although Bitcoins isn’t running through their system yet.
- Circle – Barclays Partners with Goldman Sachs on Circle Financial 2016
- Digital Asset Holdings
- Chain Inc – $30 Million Invested with Citi Ventures & Visa
Visa Says Bitcoin has a Future
- Chain Inc – Visa & Citi Invested
MasterCard, Canadian Bank CIBC, New York Life Insurer, TransAmerica Ventures, Bain Capital Ventures has backed the company called Digital Currency Group and they are investing into a variety of different Start up Companies. Artcle Here
- Custos Meida Technology
- Align Commerce
- Chain Inc
NYSE (New York Stock Exchange)
- Coinbase – $75Million from NSYE & BBVA
Overstock CEO Patrick Byrne announced closing a US$4 Million Series A investment in Barbadian bitcoin exchange Bitt. The funds constitute the first installment of a staggered investment from the retail giant, totalling US$16 million, and places Bitt’s valuation at US$50 million, according to the company.
- Bitt – $16 Million
- PeerNova – $5Million
Google Ventures – Launched as Google Ventures in 2009, GV is the venture capital arm of Alphabet, Inc. We’ve invested in more than 300 companies that push the edge of what’s possible. In the fields of life science, healthcare, artificial intelligence, robotics, transportation, cyber security, and agriculture, our companies aim to improve lives and change industries.
- Ripple Labs
- Digital Currencies FinTech
IBM Invests $200 Million in IoT Blockchain, Partners With UnionPay
- Watson IoT business Global
Microsoft and IBM, two of the biggest names in technology, are ramping up their distributed ledger initiative and Blockchain-as-a-Service platform with the aim of changing the world with their latest tools.
As a result these are just a few big named companies that are investing in Bitcoin related startups.
So should you invest into bitcoin?
In conclusion, the facts are all there. Big named Individuals and Large Companies are all investing into a new ‘disruptive’ technology just like the internet. In the past year alone, the Price of Bitcoin has risen dramatically from $200 around June 2015 to now at $640 Oct, 10 2016. So if you have bought bitcoin at that price and waited till now you would have tripled your investment.
Just like gold, it has intrinsic value with a limited supply. Which this creates supply in demand. As of right now, there are more people buying Bitcoin than people selling it. Furthermore, that drives the price up.
Their are predictions that expert financial analysis say that the price of Bitcoin in 3- 5 years will be around $10,000 per Bitcoin. So Yes you should buy or invest into Bitcoin.
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