Billionaire David Rubenstein Says Crypto Won’t Go Away Like “Some Thought”

The co-founder and co-chairman of private equity giant The Carlyle Group says crypto skeptics will be wrong.

In a new interview with Citadel CEO Ken Griffin, David Rubenstein said he thinks crypto assets are here to stay.

“I now think crypto is not going to go away like some people have thought.”

Although he has not purchased any crypto assets, Rubenstein says he makes indirect investments in the digital asset industry.

“I haven’t invested in cryptocurrencies. But I have invested in my family office through companies that service the industry.

Because I think the industry is not going away anytime soon. And I can’t choose which of the 18,000 cryptocurrencies will work. But I think the industry is not going away.

According to the multi-billionaire investor, crypto appeals to certain demographics due to its portability and censorship-resistant nature, especially at a time of rising global tensions.

“Clearly a lot of people, and a lot of people have a libertarian outlook on life or maybe a more conservative outlook on life, and they tend to like this kind of thing that is anti-government. The government does not control it.

They want to have some of their assets in things that the government can’t control or know what they’re 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 will not be devalued by government inflation. It’s not the worst thing you can do to put some of your money into it.


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Featured Image: Shutterstock/Mia Stendal/Hoowy

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