The number of Bitcoin owning billionaires continues to increase. The new magnate to go public with his acquisition of BTC is the philanthropist Bill Pulte, who now wants to promote the adoption of the flagship crypto.
Bill Pulte is Pulte Capital Partners’ head, one of Pulte Homes’ directors, and Twitter Philanthropy’s inventor. He is also the grandson of the billionaire founder of the PulteGroup (PHM) home-building giant, which boasts a $10.9 billion market cap.
Pulte is now joining the crypto group, like many other billionaires. He actually announced on December 12, 2019 that he had purchased 11 BTC.
In particular, through social media, Pulte is supporting the welfare of the poor He says he has a million followers, whom he calls his teammates. Pulte needs the future to be changed. And undoubtedly using BTC will prove to be an effective way of instilling improvement. Pulte claims: “Cryptocurrency can help the world’s poorest…especially those who are “unbanked” … as a philanthropist, I, therefore, want to promote adoption. Leave a comment [on] why you need Bitcoin and I’ll pick one person to send some satoshis to … Yes, this is real.”
Bitcoin has been in use for charitable purposes for some time. Sure, a number of donors profit from the simplicity of the cryptocurrency. Bitcoin, for instance, lets donors make their philanthropic work more effective, improve transparency, and increase tax benefits.
As a result, a growing number of charities, such as the Red Cross, Save the Children, United Way, and Greenpeace, are embracing Bitcoin and using blockchain technology to make it more efficient. Bitcoin and Ethereum are also approved by Unicef.
For example, BitGive is a global philanthropic organisation that uses Bitcoin to serve its beneficiaries better. The mission of BitGive states, “Leverage the power of Bitcoin and blockchain technology to improve public health and the environment worldwide.”
Executive Director of BitGive Connie Gallippi, explains: “Bitcoin allows BitGive to confirm remote transactions, significantly lower transfer fees, provide transparency in real-time, execute cryptographically-secured transactions, and obtain fast settlements.”
It could only be the beginning to buy 11 bitcoins. Pulte can soon see Bitcoin’s importance in his work as a philanthropist. And most likely, he’ll start buying more coins, eventually joining the long list of Bitcoin holders, including Blythe Masters, Dan Morehead, Tyler, and Cameron Winklevoss, and Michael Novogratz.
I recently bought 11 bitcoins
— Bill Pulte (@pulte) December 12, 2019