Billionaire David Rubenstein Says ‘Unrealistic’ to Think Government Will Stop Cryptocurrency From Being What Investors Want – Regulation Bitcoin News
The Carlyle Group’s co-founder, David Rubenstein, says that the concept of the federal government stopping cryptocurrency from being one thing that buyers need is unrealistic. He believes that cryptocurrency is right here to remain. It’s not going away as “It’s clearly one thing that the market desires,” he mentioned.
David Rubenstein Bullish About Crypto
David Rubenstein, co-founder and co-chairman of Carlyle’s Board of Administrators, talked about bitcoin and the way forward for cryptocurrency in an interview with CNBC final week. He beforehand served as co-chief govt officer of The Carlyle Group, a non-public fairness, asset administration, and monetary providers company. In 2015, Carlyle was the world’s largest personal fairness agency by capital raised over the earlier 5 years, based on the PEI 300 index.
Rubenstein mentioned: “Crypto has come from nowhere to be a power out there. It’s in impact a gold substitute for some. … It’s right here to remain. Cryptocurrency will not be going away, identical to gold will not be going away.” He added:
The concept that the federal government goes to cease cryptocurrency from being one thing buyers need is unrealistic.
The Carlyle Group’s govt famous that cryptocurrency “has its ups and downs.” Nevertheless, he emphasised: “that’s true of something that’s comparatively new, and I don’t assume you will see something like crypto going away and disappearing.”
He continued: “It’s right here and it’s right here as a result of individuals out there need one thing different than simply the standard currencies that now we have, and whether or not that’s proper or fallacious, it’s clearly one thing that the market desires.”
Rubenstein emphasised that “If you happen to go into cryptocurrency, you need to anticipate massive ups and downs and large fluctuations, and in case you are not ready for that, don’t go into cryptocurrency.”
The crypto group welcomes Rubenstein’s feedback. Michael Saylor, the pro-bitcoin CEO of the Nasdaq-listed firm Microstrategy, which has amassed about 92 BTC to date, commented:
That is auspicious for bitcoin coming from David Rubenstein. He’s chairman of the Kennedy Middle for the Performing Arts, former chairman of the Smithsonian Establishment, chairman of the Council on Overseas Relations, & president of The Financial Membership of Washington, D.C.
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