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/biz/ - Business & Finance

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29588524 No.29588524 [Reply] [Original]

A Dubai businessman is pledging to buy 100,000 Bitcoin worth up to $4.8 billion as part of a new company strategy.

To put that into perspective, it’s the largest investment of its kind in the world. And he’s planning to buy up roughly a quarter of the entire Bitcoin currency worth $17 billion.

Khurram Shroff is the Chairman of the IBC Group and has long been a big believer in cryptocurrency. Bitcoin has reached record highs this year and Shroff believes the value will keep increasing towards the end of the year. In which case his big gamble will have paid off.

Shroff is making the investment as part of his Miami Blockchain initiative. If successful, he hopes both Miami and Dubai can be two of the first cities in the world to be run by Blockchain, an amazingly safe form of computer transaction.

https://www.dubailad.com/dubai-businessman-plans-biggest-bitcoin-investment-in-history/

>> No.29588619

>a quarter
That's barely 5%
Market cap is almost $1T

>> No.29588686
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29588686

>>29588524
B A S E D
A
S
E
D

>> No.29588694

>>29588524
Do you even know how to count faggot?

>> No.29588785

>>29588524
I know you are definitely not Asian bro.

>> No.29588854

A quarter of 1 trillion is 250 billion.

>> No.29588871

>>29588524
i thought pajeets were good at math

>> No.29588926

>>29588524
>>> quarter of supply
>>> 100,000 btc
Quik mafs

>> No.29589115

>>29588524
1. your math is wrong
2. yeah sure he will buy it, thx for the sell signal

>> No.29589130

>>29588524
Religious Muslims in Saudi still debate over cryptocurrency right?

I know gambling is haram but if Saudi Purchasing power begins considering Crypto as a legitimate form of investing. I can imagine many Bangladeshi moons.

>> No.29589145

>>29588524
and satoshi has over 1.1 million. Which is I cashed out a long time ago. Many players have huge amounts. The market can be easily manipulated.

>> No.29589290

>>29589130
They can go long, they can’t short.

>> No.29589357

>>29589290
How can we benefit from this?

>> No.29589463

>>29588926
Holy Kek

>> No.29590288

>>29588524
You mean 1/25th not 25% right?

>> No.29590433

>>29588524
>a quarter of the supply
>100.000

>> No.29590504

>>29588854

What's a trillionth of 250 billion if it's 1/25th plus 25% then? I think that's right isn't it?

>> No.29590980

>>29588524
Worst shill ever plz kys

>> No.29591311

>>29589290
Shorting is actually haram according to Muslims.

It's hilarious.

They also won't wear seatbelts in cities like Cairo because it goes against insha'Allah. Has one of the highest rates of vehicle deaths as a result.

Not a /pol/ack, have actually travelled the world. Islamic fundamentalism is retarded.

>> No.29591475
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29591475

>BASED
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOoooooooooOOOOOOOOOOOOOOOOOOOOOoooooOOOOOOOOOOOOOOOOOOOOOO