Another Billionaire Figure Enters the Space in Hopes for Massive Gains

Another Billionaire Figure Enters the Space in Hopes for Massive Gains

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One of the top richest people in Thailand is planning to expand his exposure to the crypto industry regardless of all the government fud, fear in the market and not so positive predictions from the experts.

Ratanavadi is taking the same path as the other businessmen from other industries who came to crypto to double their wealth. For instance software developer MicroStrategy who invested billions of dollars in BTC. Micro strategy works with such giants as Tesla, Meitu and others.
MicroStrategy has currently lost $1 bln. in the current market. Meitu is sitting on $52.000.000 losses. Tesla on the other hand got rid of all their BTC after seeing the uncertainty the COVID brought.
But what all of this really shows is that these giants are aiming for a long term investment and when one is losing billions, the others are buying the dip even if it is 90%.
Ratanavadi is going full in on crypto, saying that they will be the first company to open an exchange in Thailand in cooperation with Binance and right now are trying to get all the necessary permits and cover all the legal issues regarding the matter.

 

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