David Rubenstein, The Crypto billionaire and co-founder of The Carlyle Group, has inverted his earlier “skeptical” view of cryptocurrencies.
David Rubenstein is the co-founder and co-chairman of private equity company The Carlyle Group—has told that the “genie is out of the bottle” when it arrives in cryptocurrencies.
He told during an episode of ‘Invest Like the Best‘ podcast that he has not purchased cryptocurrencies, but he has bought firms that service the industry, because David thinks the genie is out of the bottle, and he doesn’t think the industry’s moving to go away any time shortly.
By his entry, Rubenstein’s perspective on crypto has transformed; he was “skeptical of crypto in the opening” as he thought there was nothing underlying cryptocurrencies like Ethereum or Bitcoin.
‘It’s obvious to me currently that multiple more youthful individuals don’t think there’s much underlying the buck or the euro or different currencies, he added. The billionaire investor also suggested the crisis in Ukraine as an added cause for his revived sanguinity regarding cryptocurrencies.
Rubenstein told Ukrainian and Russian investors that they can feel good if invest in cryptocurrency in such a challenging situation of the government. It will allow them to feel better with some financial assets.
Billionaire perceptions of crypto
Rubenstein is not the sole billionaire who has newly transformed his opinion on cryptocurrencies.
Earlier this month, JPMorgan CEO Jamie Dimon trumpeted both decentralized finance (Defi) and blockchain technology.
“Decentralized finance and blockchain are actual, new technologies that can be deployed in both private and public fashion, permission or not,” he stated, before counting that JPMorgan stays “at the forefront” of these innovations.
Formerly, Dimon had created headlines with his opposing viewpoint on crypto.
In May 2021, Dimon stated that he had no interest in cryptocurrencies, despite the reality his clients did.
Five months after, he doubled down, declaring he considered Bitcoin was “worthless.”
