Philanthropist and founder of the investment firm Pulte Capital bill Pulte noted the spread of bitcoin among institutional investors.
"Wall street is beginning to understand the wisdom of bitcoin. Better late than never. We have a bright future ahead of us, " he wrote, announcing another charity campaign.
In mid-December 2019, Pulte announced the purchase of 11 bitcoins. A few days later, against the backdrop of a pullback in the cryptocurrency exchange rate, he announced an increase in his investment.
Pulte is the grandson of the founder of the construction company PulteGroup, ranked 312th in the list of the largest American corporations in the Fortune 500. According to sources, his personal fortune is estimated at $100 million.
Pulte left his comment after billionaire Stanley Druckenmiller said that he holds bitcoin, and praised the prospects of the cryptocurrency, noting the stabilization of its market.
Michael Saylor, CEO of MicroStrategy, which recently invested $425 million in bitcoin, also pointed out that bitcoin's volatility has fallen below the NASDAQ, S&P 500, Dow Jones, Russell 2000, 10 - and 30-year bonds, gold, silver, Apple, Amazon, Microsoft and Facebook. "Bitcoin supporters should stop apologizing for volatility," Saylor wrote.