Billionaire's grandson Bill Pulte wants to give Bitcoin to people in Africa

Bill Pulte, the heir to the Detroit real estate giant PulteGroup, has set his sights on sending Bitcoin to those in need living in Africa.

Pulte, who gained popularity by giving out hundreds of thousands of dollars to strangers on Twitter, is big on Bitcoin and believes it could be used to fight poverty in Africa.

Bill Pulte, the heir to the Detroit real estate giant PulteGroup, believes the world's largest cryptocurrency is the most efficient way to give to those in need.

While most of Pulte's philanthropic efforts were focused on the U.S., he now wants to give more of his money to Africa.

Pulte one of the few traditional investors bullish on Bitcoin.

While many criticized Pulte for giving away money "Haphazardly and undemocratically," Pulte claims he is doing charity only with the money he earned.

In an interview with the Detroit Free Press, Pulte said that he became wealthy through his private equity firm, independent of his grandfather William Pulte, the founder of the PulteGroup.

Earlier in December, Pulte announced that will begin giving out cryptocurrency on Twitter, both to help those in need and increase adoption.

Bitcoin's sudden crash didn't seem to have scared the outspoken Pulte.

Pulte didn't disclose any details about his African Bitcoin giveaway.