The number of billionaires investing in Bitcoin continues to grow. The youngest magnate who goes public with his BTC purchase is philanthropist Bill Pulte. He likes Bitcoin and wants to promote its spread.
Billionaire Bill Pulte: “Cryptocurrency Can Help World’s Poorest”
Bill Pulte is the director of Pulte Capital Partners, one of the directors of Pulte Homes and inventor of Twitter Philanthropy. He is also the grandson of the billionaire founder of the housing giant PulteGroup (PHM), which has a market capitalization of $ 10.9 billion. Now Pulte – like many other billionaires – has joined the crypto community. On December 12, 2019, he announced that he had bought 11 BTC.
Through social media, especially Twitter, Pulte promotes the well-being of the poor. He claims to have a million followers, whom he calls teammates. Desks want to change the world. And the use of BTC could certainly prove to be an effective way to bring about change.
“Cryptocurrency can help the world’s poorest … especially those who are” without a bank “… as a philanthropist, I would therefore like to promote the spread. Leave a comment on why you need Bitcoin and I’ll choose a person to send some Satoshis to … Yeah, that’s real. “
Bitcoin is changing philanthropic work
Bitcoin has been used for charitable purposes for some time. In fact, many donors benefit from the versatility of the cryptocurrency. Bitcoin, for example, helps donors make their charitable work more effective, improve transparency and provide tax benefits.
For example, a growing number of charities are accepting Bitcoin and using blockchain technology to become more efficient – such as the Red Cross, Save the Children, United Way and Greenpeace. In addition to Bitcoin, Unicef also accepts Ethereum.
BitGive, for example, is a global nonprofit that uses Bitcoin. BitGive’s mission is:
“Use the power of Bitcoin and Blockchain technology to improve public health and the environment worldwide.”
Connie Gallippi, the managing director of BitGive:
“Bitcoin enables BitGive to confirm remote transactions, significantly lower transfer fees, create real-time transparency, execute cryptographically secured transactions, and receive quick statements.”
Buying “11 Bitcoins” could only be the beginning. Pulte should soon recognize the value of Bitcoin for its philanthropic work.
And most likely, he’ll start buying more coins and eventually join the long list of billionaires holding Bitcoin – in good company with Blythe Masters, Dan Morehead, Tyler and Cameron Winklevoss, and Michael Novogratz.