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Better late than never! Billionaire philanthropist: Wall Street finally sees the value of Bitcoin

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Better late than never! Billionaire philanthropist: Wall Street finally sees the value of Bitcoin

Since the beginning of this year, many heavyweight figures in traditional finance have come out in support of Bitcoin. Institutions such as MicroStrategy and Square have also announced their purchase of Bitcoin as corporate reserves. In response to these developments, millionaire philanthropist Bill Pulte, sees this as a sign that Wall Street is ready to embrace Bitcoin.

Better Late Than Never

With over 3 million followers, Pulte tweeted on November 10th:

Wall Street is finally taking notice of the wisdom of Bitcoin. Better late than never. The future is bright, and we can have a good year ahead of us. Stay tuned!

Bill Pulte is the CEO of investment firm Pulte Capital and the grandson of William John Pulte, founder of one of America's largest real estate developers, "Pulte Group." Bill Pulte began his philanthropic work around July 2019 and has been advocating for Bitcoin adoption on Twitter.

Pulte's Bitcoin Evangelism

Initially, Pulte randomly gave a Bitcoin to those who retweeted his donation tweets back in August last year, stating:

I'm just one person, but it would be very interesting if I could inspire thousands of people to donate.

Furthermore, in a tweet in May this year, he urged people to pay attention to Bitcoin, gold, and silver, aligning with the views of "Rich Dad, Poor Dad" author Robert Kiyosaki.

In July this year, Pulte initiated another donation campaign on Twitter, stating that cash would be distributed via the payment app Cash App, but recipients were required to use it to buy Bitcoin, as he believes the price of Bitcoin will continue to rise.

Criticism for Seeking Publicity

Pulte's high-profile donation actions have naturally attracted criticism, with many pointing out that Pulte inherited a large fortune from his father and his donations are too arbitrary and undemocratic, merely aimed at building a positive public image. He emphasizes that he has amassed wealth through his private equity firm Pulte Capital and uses his own earnings to drive charitable endeavors.

In fact, Pulte had only about 10,000 followers in July last year, but after President Trump retweeted a tweet from Pulte about donating to veterans, his followers surged to over 3 million. However, as Pulte occasionally gifts cash and cryptocurrencies to followers who retweet his donation tweets, his followers may also be motivated by money, adding to the controversy surrounding Pulte.