Published: 11.04.2022
Article reading time:
2 minutes.
The co-founder of the investment company The Carlyle Group believes that against the background of the growth of the crypto industry and political tensions, the volume of investments in digital currencies will increase.
David Rubenstein, a well-known crypto skeptic, stated on his podcast Invest Like The Best that digital currencies are here to stay. This, according to the businessman, is evidenced by a huge number of crypto companies appearing one after another:
“I didn’t buy cryptocurrencies, but I did buy companies that serve the industry because I think the genie is out of the bottle and the industry isn’t going anywhere anytime soon.”
Rubinstein admitted that he was previously skeptical about digital assets, because he believed that nothing serious was at the heart of the Bitcoin and Ethereum networks:
“Now it is clear to me that many young people think that there is nothing serious behind the dollar, euro or other currencies either.”
He cited the fighting in Ukraine as an additional reason for his optimism about cryptocurrencies:
“If you are in Ukraine or Russia, your country has a lot of problems and you want to have assets that will probably make you feel better about having something that is out of government control.”
The Carlyle Group co-founder David Rubinstein is not the only billionaire who has changed his mind about the crypto industry. Earlier this month, JPMorgan CEO Jamie Dimon praised decentralized financial systems (DeFi) and blockchain technology. In March, a well-known crypto skeptic, founder and CEO of hedge fund Citadel, said that his attitude towards digital assets has changed and the company plans to start working with cryptocurrencies.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
