According to Bloomberg, Argentine entrepreneur Wences Casares spent several years persuading the millionaires and billionaires in Silicon Valley to accept the idea that “ Bitcoin is the future global currency” to persuade the rich to buy Bitcoin and that he’s the man to safeguard it. His startup Xapo has established a network of underground vaults on five continents, one of them is in the retired Swiss military bunker.

Two Xapo customers said that Bitcoin held by the company is worth about $10 billion. Another person close to the company said that this figure is basically true.

10 billion US dollars is equivalent to 7% of global Bitcoin supply.

Marko Vidrih

@cryptomarks