AOL.com
Bitcoin soars people ask who is Giancarlo Devasini, Italy's richest man? - AOL
xCruzo Brief
Bitcoin surged after a week-long rally pushed it above $79,000, climbing more than 20% in a few days. The move has been linked to renewed inflows into spot Bitcoin ETFs, expectations of greater U.S. liquidity, a more favorable regulatory climate in Washington, and a squeeze on traders betting against Bitcoin. But the story’s angle in Italy spotlights Giancarlo Devasini, Tether’s 62-year-old chairman. Forbes estimates his fortune at $89.3 billion, making him the world’s 23rd-richest person and a rare non–Ferrero Italian at the top since 2007.
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