Many billionaires are over and are investing massively in cryptos
At first the billionaires were quite skeptical about cryptos, but now they seem to be turning and investing a lot of money in the digital coins. Read here why.
Many of these billionaires are old-fashioned. They were hesitant about investing in those unknown digital coins for a long time. But it seems that they now also see the added value. For example, David Rubenstein, the founder of Carlyle Group, one of the largest investment firms that manages more than $300 billion, says he was skeptical of crypto. But now believes that “the genie is out of the bottle” and that the crypto industry is not “going to disappear” any time soon.”
Billionaires and cryptos
Rubenstein co-founded the Carlyle Group in 1987. Since then, it has grown into a company that manages $301 billion from 26 offices around the world. He shared in a recent interview with Colossus why he changed his mind about crypto.
“I was skeptical about crypto at first because I thought there was nothing to it,” he began. Furthermore, he believes that many younger people do not think that there is much behind the dollar or the euro or other currencies. Rubenstein added: “So I think a lot of people like that it’s private. You can’t really know how much someone owns. They love being able to get it across the world.”
Present time
In addition, the investor mentioned the war between Russia and Ukraine. He pointed out the benefits of having crypto. In such circumstances, he says that if you have some cryptocurrency, you can probably feel better that you can have something that is beyond the control of the government and not dependent on the bank opening its doors for you.
