Orlando Bravo, co-founder and managing partner of private equity business firm Thoma Bravo, expressed his unwavering endorsement of the cryptocurrency market place in an interview at CNBC's Delivering Alpha 2022 conference on Wednesday, revealing that he is "very bullish" on his personal investment in Bitcoin (BTC).

The billionaire businessman owns one of the globe'south largest individual equity firms, which boasts avails under management (AUM) of $83 billion equally of June xxx, 2022. Questioned on the potential of digital assets, Bravo spoke with delight on the emergence of the infinite:

"How could you not love crypto? [...] Crypto is simply a great organization. It's frictionless. It's decentralized. And immature people desire their own fiscal organisation. So, it is here to stay."

Thoma Bravo participated in FTX'southward $900-meg Series B funding round — the largest in crypto substitution history — alongside 60 venture upper-case letter and crypto firms, including Sequoia Majuscule, Coinbase Ventures, VanEck and the Paul Tudor Jones family. The funding resulted in FTX's value soaring to a colossal $18 billion, establishing the exchange every bit a decacorn.

In the interview, Bravo also spoke highly of blockchain, crypto's underlying technology, conveying his belief that information technology could ameliorate the electric current system:

"The underlying technology of blockchain, regardless of what protocol or what system y'all are building upon, can be very powerful and sometimes provides better use cases than data-based software."

Subscribing to a similar sentiment is crypto maverick Elon Musk, who spoke to CNBC at Tuesday's Code Conference in California. Musk advocated for the adoption of cryptocurrencies but warned on authorities invention: "Information technology is not possible to, I think, destroy crypto, but it is possible for governments to dull down its advocacy."

When questioned on his instincts for regulating the ecosystem, Musk responded in a laissez-faire tone, claiming, "I would say, 'Do zip.'"

Related: Bears intend to pivot Bitcoin price below $43K until Friday's $700M death passes

Information from Cointelegraph Markets Pro and TradingView reveals that Bitcoin is experiencing a moment of low investor morale in the wake of China's 19th country-wide ban of the crypto asset in addition to precipitous price corrections from the $53,000 level witnessed a few weeks agone.