David Rubenstein, co-founder of the private equity giant Carlyle Group, believes that due to the growing interest of institutions in Bitcoin (BTC), such as BlackRock’s Bitcoin spot ETF application, and global interest in a different There is widespread demand for a government-controlled form of currency, so Bitcoin is here to stay.
Rubenstein said in an interview with Bloomberg:
“A lot of people around the world want to be able to transact in a currency that the government doesn’t know what they own and want to be able to move that currency, rightly or wrongly, so I don’t think Bitcoin is going to go away.”
Carlyle Group Co-Founder and billionaire David Rubenstein says Bitcoin isn't going away anytime soon https://t.co/CniAkihMHs pic.twitter.com/iP7OZiC6Mg
— Bloomberg TV (@BloombergTV) August 8, 2023
Rubenstein also expressed his regret at not being able to buy Bitcoin when it was worth $100. He said those who once scoffed at cryptocurrencies and the industry as a whole may have to take a second look, given the recent interest in Bitcoin from traditional financial giants such as BlackRock.
Rubenstein said:
“Here’s the thing, people used to laugh at Bitcoin and other cryptocurrencies, but now institutions like BlackRock’s Larry Fink are saying they will launch a Bitcoin ETF if the government approves it, so you think, wait a minute, huge Bitcoin Ryder is willing to launch a Bitcoin ETF, maybe Bitcoin will exist for a while.”
Referring to recent enforcement actions by the U.S. Securities and Exchange Commission (SEC) led by Chairman Gary Gensler, Rubenstein said Ripple’s victory in the latest case proves that the SEC has yet to convince the courts that cryptocurrencies are “bad.”
Related reports: "Founder of private equity giant Carlyle Group: Related companies that have invested in the cryptocurrency industry do not believe that the industry will disappear in the short term"
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