What’s the Best Way to Drive Bitcoin Adoption? Billionaire Says Crypto Giveaways

Nick Chong

1 year ago

2 mins read

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Cryptocurrency has long been something given away. In fact, the first Bitcoin (no, not a whole coin) this writer ever received was through a BTC faucet, which if you remember are these services that play ads and grant viewers a few satoshis here or there, often $0.25 or so.

According to a top philanthropist, giving digital assets away will be the best way to drive mass adoption. And the philanthropist, Bill Pulte, grandson of the founder of multi-billion-dollar American real estate firm PulteGroup, wants to do just that.

Crypto Giveaways, a Medium for Adoption?

In a recent tweet, the viral Pulte, who has garnered over 1.7 million followers doing what he calls “Twitter Philanthropy,” remarked that he wants to start giving out “cryptocurrency on Twitter to strong-arm more adoption.”

He added that as it stands, the broader cryptocurrency is missing out on mass adoption because of the lack of, say, Bitcoin giveaways on Twitter and other social media. “Being scared by “scams” is exactly how we got nowhere; INNOVATE!,” Pulte added, likely referencing the oft-held sentiment that cryptocurrencies are all scams.

I think I’m gonna give out cryptocurrency on twitter. To strong arm more adoption. The crypto community is missing out big time .. if they want mass adoption, they got to give it out on twitter and social media. Being scared by “scams” is exactly how we got nowhere; INNOVATE!

— Pulte (@pulte) December 14, 2019

Pulte’s Bitcoin Focus

While Pulte’s latest tweet implies he will be giving away “cryptocurrency,” a vague term in and of itself that could mean a digital coin with his face stamped on it for all we know, it is largely believe Bitcoin will be dished out in the upcoming giveaways.

Per previous reports from NewsBTC, Pulte recently took to Twitter claiming that he bought an entire 11 Bitcoin — valued near $100,000 as of the time of writing this.

While some joked at him, claiming that the billionaire had poor “opsec,” it appears that he bought the coins under the premise of giving them away to his followers; Pulte has been known to offer his followers a cash or Bitcoin prize for retweeting his giveaways in the past.

Also, Pulte is a pronounced proponent of Bitcoin, claiming in the tweet seen below that “peer-to-peer systems are the way of the future.” He added that BTC allows for philanthropy to become decentralized and peer-to-peer, which helps more people… faster.”

The reason that I gave away Bitcoin on the internet is that I believe that peer-to-peer systems are the way of the future. We've been Decentralizing Philanthropy to become peer-to-peer, which helps more people.. faster. I'm using my money to help us blaze new frontiers. Join us!

— Pulte (@pulte) November 5, 2019

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.