David Rubenstein, the billionaire co-founder/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss his view on crypto assets.
- Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. “I have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,” he states.
- Although Rubenstein believes “the industry is not going away anytime soon,” he states that “I can’t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,” as there are countless investors who’ve increasingly lobbied congress to prevent over-regulation.
- Griffin asked “What do you think about cryptocurrencies,” Rubenstein responded that “if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time…I now think that crypto is not going to go away the way some people have thought and while you can argue it’s worthless in some respects, many things that people buy are maybe worthless.”
- The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. “They tend to be liking this thing that’s anti-government, they want to have some of their assets and things that the government can’t control or know what they’re doing.”
See Related: Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen
