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Jaan Tallinn noted that the reason for donating in Bitcoin and Ethereum is the fact that it is much easier to send digital assets.
Estonian investor and Skype co-founder Jaan Tallinn has most of his wealth in digital assets: Bitcoin and Ethereum. This is according to a Fortune media post which highlighted that the Estonian computer programmer has donated 350 units of Ethereum and 50 Bitcoin in recent years to a London-based company called Faculty AI. Apparently, according to the Fortune post, the UK-based startup still holds most of the cryptocurrency that Tallinn donated.
With Bitcoin trading over $ 16,000 in the past few days and Ethereum slightly over $ 450, the donation is worth nearly a million dollars.
Tallinn noted that the reason for donating in Bitcoin and Ethereum is the fact that it is much easier to send digital assets and, furthermore, since it had already been encrypted, converting them to fiat would have resulted in an unnecessary tax bill.
This makes Tallinn’s investment in the company more valuable if the value of its shares was based on the cryptocurrency donated over time.
Approval of Bitcoin and Ethereum by the co-founder of Skype
Faculty AI is a company that is committed to harnessing emerging technologies to simplify human life through artificial intelligence. It is reported that the company has won an $ 800,000 contract from the UK Home Office to build an artificial intelligence system that can detect terrorist propaganda on social media platforms.
With Tallinn’s investment in cryptocurrency, its net worth is set to skyrocket if the value of Bitcoin and Ethereum continues to grow exponentially.
As of 2019, his net worth was estimated at $ 900 million, however, if his money was in Bitcoin and Ethereum, his net worth is now around $ 1 billion.
Tallinn is heavily involved in artificial intelligence in relation to human existence and how to mitigate the dangers that could wipe out humanity as a species. As a result, he co-founded the Center for the Study of Existential Risk at the University of Cambridge and the Future of Life Institute in Massachusetts.
In 2020, high net worth individuals and institutional investors are turning to digital assets for investment. This is supported by the exponential growth rate of assets under management at Grayscale over the past few quarters.
Additionally, PayPal Holdings Inc (NASDAQ: PYPL) recently announced that it will support cryptocurrency features in its platform. All of these fundamentals combined make digital assets not only a good safe haven, but also the best investment.
Bitcoin was trading around $ 16,300 at the time of writing, which is very close to the all-time high reached in the 2017 rally.
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A financial analyst who sees positive income in both directions of the market (bulls and bears). Bitcoin is my safe haven for cryptocurrencies, free from government conspiracies. Mythology is my mystery! “You cannot enslave a mind that knows itself. That values itself. That understands itself.”
