Billionaire of the top 10 Forbes has invested in Bitcoin

(Before It's News)

Asia’s richest man, billionaire Li Ka-shing has invested in BitPay through his venture capital company, Horizons Ventures.

BitPay – the digital currency equivalent of PayPal, founded in May 2011, handles transactions for 14,000 companies across 200 countries. About half are in the United States, with 50 per cent in the rest of the world. Representatives of the BitPay said it was “fortunate to have the benefit of many supportive investors, including Horizons Ventures”. A spokeswoman for Horizons Ventures said the group would not comment on the details of the investment.

John Greenwood, chief economist of Invesco, gave a comment: «Just like investors in days gone by made more money out of selling shovels and picks to gold-diggers than anyone ever made out of the gold mine, he is investing in the peripheral activity that bitcoin has generated».

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