Billionaire David Rubenstein says Crypto is not going away like some thought
Co-founder and co-chairman of private equity giant The Carlyle Group claims crypto-skeptics will be proven wrong.
In a new interview with Citadel CEO Ken Griffin, David Rubenstein says he believes cryptoassets are here to stay.
“I now believe that crypto is not going to disappear, as some have thought.”
Although he has not bought any crypto assets, Rubenstein says he makes indirect investments in the digital asset industry.
“I have not invested in cryptocurrencies. But I have invested in my family office through companies that serve the industry.
Because I don’t think the industry will disappear anytime soon. And I can’t choose which of the 18,000 cryptocurrencies to work with. But I don’t think the industry will disappear.”
According to the multibillionaire investor, crypto appeals to certain demographics due to its portability and censorship-resistant nature, especially at a time when global tensions are rising.
“Obviously, a lot of people, and a lot of people have a libertarian view of life or maybe a more conservative view of life, and they tend to like these kinds of things that are anti-government. The government does not control it.
They want to have some of their assets in things that the government cannot control or know what they are doing….
Well, if you put your money in something called crypto, where the government doesn’t know what you have, you can move it anywhere in the world. It is not going to be devalued by government inflation. It’s not the worst thing to deposit some of your money.”
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Featured image: Shutterstock/Mia Stendal/Hoowy
