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XPRIZE Founder: Over the past 10 years, I’ve invested idle funds in Bitcoin; now I’ll be buying SPCX
Svmuu News: Peter H. Diamandis, founder of XPRIZE—a world-renowned technology competition organization—and an early investor in SpaceX, posted, “People always ask me if I’ll sell and cash out while prices are rising.On the contrary, over the past decade, whenever I’ve freed up capital from other investments, I’ve put it into Bitcoin, and I still hold a significant number of Bitcoin, which I intend to hold for the long term. But going forward, whenever I have excess capital, I’ll invest in SpaceX—a truly groundbreaking company.I expect the stock price to decline somewhat when locked-in shareholders are able to sell their shares and some shareholders cash out, but I’m not investing in SpaceX to chase quarterly stock price gains—I’m investing to drive the development of the off-Earth economy.”
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