Billionaire David Rubenstein Bullish on Crypto, Optimistic About Regulation

The Carlyle Group’s co-founder, David Rubenstein, says that the idea of the government stopping cryptocurrency from being something that investors want is unrealistic. He believes that cryptocurrency is here to stay. It’s not going away as “It’s clearly something that the market wants,” he said. David Rubenstein Bullish About Crypto David Rubenstein, co-founder and co-chairman of Carlyle’s Board of Directors, talked about bitcoin and the future of cryptocurrency in an interview with CNBC last week. He previously served as co-chief executive officer of....

David Rubenstein, the founder of Carlyle Group, one of the largest investment firms managing over $300 billion, says he was skeptical of crypto but now believes that “the genie is out of the bottle” and the crypto industry is not “going to go away anytime soon.” David Rubenstein on Crypto David Rubenstein, co-founder of Carlyle Group, one of the largest private equity firms in the world, has shared why he changed his mind about crypto in a recent interview by Colossus. Rubenstein co-founded the Carlyle Group in 1987. Since then, the....

Despite the recent setbacks in the crypto industry, many are still hopeful for a better future outcome. In light of this, David Rubenstein has declared his profound support for the crypto industry. David Rubenstein is the co-founder of The Carlyle Group, a global equity investment company. Although many industries have been affected by the decline, Rubenstein thinks they will survive. Related Reading: The September Curse: Why Bitcoin Price May Touch $10,000 The American billionaire businessman said he is optimistic about the digital assets industry. Regardless of the crypto regulatory....

The Carlyle Group co-founder also spoke on the regulatory landscape, saying that he does not anticipate excessive regulation from the U.S. Congress. Carlyle Group co-founder David Rubenstein acknowledged on Sept. 2 that he has invested personally in a number of crypto companies, and is optimistic about the industry’s path to regulation in the United States.Speaking with CNBC'S Squawk Box on Thursday, the billionaire said he believes that government regulation will be positive for the industry, and that the U.S. Congress will tak a collaborative approach to boost an innovation environment....

“Bitcoin is a bubble” is something that has been thrown around a lot ever since the last bull run began in 2017. A lot of prominent personalities in the finance industry took this stand when the digital asset hit its then all-time high of $19K. The bear market that followed seemed to validate this for the next few years. Then the bull run of 2020 started and a lot of those sentiments were put on the back burner. But now, John Paulson has come to hit the market with the same thing. Related Reading | Here’s How Much Your $1,200 Stimulus Check Would Be Worth In Various Cryptocurrencies....