By Aaron T - Crypto Investor - 01-10-2021
Co-founder of equity company Thoma Bravo, Orlando Bravo, has announced that he is regularly investing in cryptocurrency, believing that Bitcoin (BTC) will see a massive rise over the next few years. Bravo has stated that he sees a significant incline to buy Bitcoin due to institutional acceptance. While expressing himself as an avid investor at CNBC's Delivering Alpha conference, the billionaire further went on to say how he cannot understand how people dislike crypto. Bravo explained that cryptocurrency is a great system that people should consider investing in and pointed out that there is no friction or centralisation when buying crypto.
The billionaire stated that younger generations want to feel more in control of their finances during the conference. Bravo's notes during the event were to suggest that buying and selling Bitcoin and altcoins will be around for lifetimes. Furthermore, Bravo spoke about the technology that backs many cryptocurrencies by stating that blockchain technology within coins such as Bitcoin provides a robust system that gives significant use cases.
Reportedly, private equity company Thoma Bravo participated in a funding round for cryptocurrency. The investment funding was a Series B round to raise $18 billion to go towards the Bitcoin exchange FTX. The co-founder revealed that he had added Bitcoin to his own investment portfolio. Bravo hodling BTC because he believes that more people will be utilising Bitcoin in the near future.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards