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Latvian billionaire Val Vavilov sees Bitcoin's 50% drop as a chance to buy, diversifying into AI data centers, boosting his net worth despite the crypto crash.
Latvian billionaire Val Vavilov, CEO of Bitfury, views Bitcoin’s 50% drop from its October 2025 peak as a buying opportunity, using the downturn to rebalance his portfolio.
Despite market turmoil and warnings of a “death spiral,” Vavilov remains confident in Bitcoin’s long-term potential while emphasizing diversification.
His company has shifted focus to AI data centers, including a $3 billion, 10-year deal with Google-backed Fluidstack, boosting shares of Cipher Mining—where he holds a 12% stake—by 200%.
This strategic pivot has insulated his $1.1 billion net worth from the worst of the crypto crash.
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El multimillonario letón Val Vavilov ve la caída del 50% de Bitcoin como una oportunidad para comprar, diversificándose en centros de datos de IA, aumentando su patrimonio neto a pesar de la caída de la criptomoneda.