Billionaire Carl Icahn’s Firm Wants to Get Involved in Crypto in A Big Way

Achal Arya
May 27, 2021
Achal Arya

Achal Arya

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Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Carl Icahn

Institutional adoption of crypto is on its peak in 2021 and one more Billionaire Carl Icahn today shared that his firm is planning to get involved in crypto in a big way. When asked, what might be this  big way, he said for his firm big way would be something from a hundred million dollar to a billion.

Icahn Capital Has More Than $23 Billion Assets Under Management

As per the latest data, Icahn Capital holds currently more than $23 Billion in assets under the leadership of Billionaire Carl Icahn. In an interview today Carl Icahn shared his views on cryptocurrency and said,

Cryptos are here to stay in or other form.

Carl Icahn Bitcoin
Source: Fintel.io

 

The billionaire said his firm is planning to get involved in cryptocurrencies in a big way and that big way would be of order from 100 million dollars to a billion. Recently, billionaire Ray Dalio also confirmed he holds Bitcoin and said that he would prefer Bitcoin over a bond.

Bitcoin price recently crashed to nearly $30,000 in a FUD led correction across all crypto markets. This new inflow of institutional capital is surely indicative that lot of firms are finding the low crypto prices as a good entry point.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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