Is Larry Ellison the Next Billionaire to buy Bitcoin?

Founder of Oracle Larry Ellison. Image Courtesy: Al JazeeraBitcoin shot up in price after news came out that Tesla bought $1.5 billion worth of Bitcoin. This was a game-changer for the cryptocurrency as Tesla was willing to hold Bitcoin in its Treasury. Telsa made more money buying BTC than selling cars last quarter. Many finance and business titans are also getting into Bitcoin. Two legendary macro investors Paul Tudor Jones and Stanley Druckenmiller have both praised Bitcoin. Stanley Druckenmiller has purchased Bitcoin as part of his portfolio. Paul Tudor Jones has compared Bitcoin to gold in the 1970s. He also mentioned that investing in Bitcoin is akin to investing in an early-stage start-up. Paul holds 2% of his assets in Bitcoin. But no one in corporate America has been a big Bitcoin bull more than the founder of the business intelligence software company MicroStrategy Michael Saylor. MicroStrategy has been buying up a lot of Bitcoin. According to Michael, Bitcoin is the first digital safe haven operating on a digital monetary network. Michael further mentioned that as many loose faith in gold and sovereign treasuries as a safe haven, more corporate treasury departments will put money in Bitcoin.Oracle has been struggling lately. The company was late to pivot to the cloud and has been struggling to compete with Cloud Computing infrastructure and platform service providers like Microsoft and Amazon. Oracle also sells cloud SaaS software ranging from financial management, supply chain, human resources, and customer experience Cloud SaaS software. But companies like Workday, ADP, and SalesForce are beating Oracle in the SaaS space.Many have compared Elon Musk to Tony Stark from the Avengers. But the original Tony Stark is Larry Ellison (Larry has a cameo as himself in the second Iron Man movie). Both Larry and Elon are tech titans of…