Twitch Director, Shaan Puri, Moves “25% into Bitcoin;” Calling it a “Rare Opportunity”
The latest individual to jump into Bitcoin is Shaan Puri, the Senior Director of Product, Mobile Gaming & Emerging Markets at popular live streaming service Twitch, an Amazon subsidiary.
Sharing an insight into his decision to invest in Bitcoin, Puri called this a “rare opportunity,” and much like everyone in the crypto market, he thinks this bull run is different from the last one when BTC hit an all-time high at $20,000.
“I think it’s a rare opportunity to front-run a wave of institutional capital that will come into BTC in the next 2 years. And I think people think this time it hits $20k is “just like last time,” but it’s not for many reasons!” Puri said.
Puri is just one of many people that have become a Bitcoiner in 2020 as the price of the largest digital asset rallies more than 155% YTD.
Currently, trading around $18,500, Bitcoin is in a choppy market after surging to a new all-time high, right at the start of the month.
Wall Street legends Stanley Druckenmiller, Paul Tudor Jones, and Bill Miller have been endorsing Bitcoin this year while the likes of BlackRock’s Rick Rieder and Larry Fink, and Ray Dalio are talking about the huge interest in the cryptocurrency and its similarities to gold.
Yesterday, Puri also tweeted about the 169-year old institution MassMutual buying $100M of bitcoin, adding, “The Dinosaurs are coming.”
Before sharing his bitcoin investment with the public, Puri had also noted, “Bitcoin is the only asset where you can go irresponsibly long – and then everyone tells you it’s not enough. And they’re probably right.”
Earlier this year, Twitch also began offering discounts to users who paid with crypto on the platform.