Bitcoin

One Of The World’s Richest People Is Backing Bitcoin–Here’s Why

Bitcoin has its fair share of backers and detractors, but it’s not every day one of the world’s richest people, in this case, Hong Kong billionaire Li Ka-shing, throws their weight behind the nascent technology.

Li, who’s 90 years old and known as Superman, has invested in the upcoming bitcoin and cryptocurrency platform Bakkt through his venture capital firm Horizon Ventures.

Bakkt announced it had raised $182.5 million in its series A funding round last week in a blog post, with Horizon Ventures fronting a portion of that.

Bitcoin and cryptocurrency investors who have weathered the so-called crypto winter have been somewhat cheered by a positive start to 2019, with many eagerly looking forward to major global stock exchanges offering bitcoin futures contracts and the highly-anticipated Bakkt bitcoin platform.

The Bakkt bitcoin platform, which is being developed with New York Stock Exchange owner Intercontinental Exchange as well as partnerships with coffee shop chain Starbucks and PC giant Microsoft, plans to offer…

Continue reading at FORBES.com

 

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