Michigan millionaire Bill Pulte, the grandson of the late construction mogul William Pulte behind Atlanta-based PulteGroup, has soured on Bitcoin, claiming that he’s not actively buying it at the moment in a recent tweet.
A lot of Teammates are asking me if I am actively buying Bitcoin and Tesla right now, and the short answer is NO. I think the Next Six Months could see downdrafts in both or either Bitcoin and Tesla, so I will be watching to buying more at lower prices. Thank you. https://t.co/cd8n6hQr36— Pulte (@pulte) January 14, 2022
The heir, who’s known for his charitable efforts, believes that the flagship cryptocurrency and the shares of e-car manufacturer Tesla could “see downdrafts” over the next six months. He expects to buy more at lower prices.
Bitcoin, the top cryptocurrency, is down 37.59% from its record high.
Pulte, who has a personal net worth of roughly $100 million, has gained a huge following on Twitter by giving away money to those in need. In 2019, the heir gave $30,000 to a military veteran from Tennessee after former U.S. President Donald Trump quote-tweeted his request.
The 33-year-old philanthropist left PulteGroup’s board of directors in 2020 after a falling-out with other board members. He particularly opposed moving the home construction giant’s headquarters to Atlanta.
major Bitcoin proponent
#Bitcoin is going to be incredibly valuable— Pulte (@pulte) August 12, 2021
Shortly after buying Bitcoin in late 2019, Pulte started giving away crypto on Twitter.
Cryptocurrency can help the world’s poorest...especially those who are “unbanked” ... as a philanthropist, I therefore want to promote adoption. Leave comment why you need Bitcoin and I’ll pick one person to send some satoshis to ... Yes this is real ???? ...— Pulte (@pulte) December 14, 2019