Billionaire David Rubenstein says cryptocurrency won't disappear like some people think
The co-founder and co-chair of private equity giant The Carlyle Group claims that crypto skeptics will be proven wrong.
In a new interview with Citadel CEO Ken Griffin, David Rubenstein says that he thinks the crypto asset is here to stay.
"I now believe that cryptocurrencies are not going away, as some have thought."
While he hasn't purchased any crypto assets yet, Rubenstein said he is investing indirectly in the digital asset industry.
“I didn't invest in cryptocurrencies. But I have invested in my family office through companies that serve this industry.
Because I believe this industry is not going away anytime soon. And I can't choose which of the 18,000 cryptocurrencies will work. But I don't think this industry will go away. "
According to the billionaire investor, cryptocurrencies appeal to certain demographics due to their portability and censorship-resistant nature, especially at a time of heightened global tensions.
“Obviously a lot of people, and a lot of people have a libertarian or maybe a more conservative view of life, and they tend to like this kind of anti-government stuff. The government does not control it.
They want to spend some of their assets on things that the government can't control or doesn't know what they're doing….
Well, if you put your money in something called cryptocurrency, where the government doesn't know what you have, you can transfer it anywhere in the world. It will not be devalued by government inflation. It's not the worst thing to spend some of your money on.
Oct 01, 2022