Billionaire David Rubenstein is optimistic about cryptocurrencies and believes there will be no pressure on regulation.
- Billionaire David Rubenstein is bullish on cryptocurrencies
- He says the biggest fortunes “go against conventional wisdom.”
- He believes regulation will not be an obstacle
Billionaire David Rubenstein is one of the ultra-rich who has spoken out in favor of cryptocurrencies.
Rubenstein, a 73-year-old American, is well known not only for his millions, but also for his philanthropic activity. A lawyer and financial analyst, he is a co-founder and co-CEO of the US private equity equity is the funds that would be returned to a company's shareholders if all of the company's assets were dissolved and all debts were paid off in the event of liquidation. firmCarlyle Group;a global private equity investment company. He is also chairman of the John F. Kennedy Center for the Performing Arts President of the Instituto Smithsoniano Rubenstein is the chairman of the Council on Foreign Relations, president of the Council on Foreign Relations, and president of the Economic Club of Washington, D.C. According to Forbes magazine, Rubenstein has a net worth of $3.2 billion.
Well, Rubenstein, in an interview with CNBC has come out in favor of crypto.
Noting that he is bullish on cryptocurrencies, the billionaire investor said: “the greatest fortunes are made when people go against conventional wisdom”.
He also said he is optimistic about cryptocurrency regulation and believes U.S. lawmakers will not push to regulate the cryptocurrency industry unduly.
“Who knows where cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. will be, but right now cryptocurrency has been hit dramatically.” He pointed out, indicating opportunities in the sector with the current crisis.
The billionaire confirmed that he is a crypto investor: “Not only the cryptocurrencies themselves, but also the I have personally invested in the companies surrounding the industry, not just the cryptocurrencies themselves, but also the companies that service the industry.” Coinbase is an American company that operates a cryptocurrency exchange platform. (Nasdaq: COIN) is an example of one of these companies, Rubenstein said, adding that these companies “they haven’t really done that well lately.” due to the fall in cryptocurrency prices.
However, Rubenstein emphasized:
“But over time, I don’t think the industry is going to go away.”
Regarding the regulation of cryptocurrencies, he told CNBC that, in his opinion, “members of Congress will not push to regulate this industry unduly.” He added: “The crypto electorate is very strong in Congress. They tend to be Republican, libertarian and very willing to spend money on lobbying.”
“I think the industry is not going to be soft in dealing with members of Congress. I think they’re going to be pretty aggressive, and I think members of Congress will act by not pushing regulations to do more than they’re already doing.” he added.
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