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

By Sunil Sharma
Published May 27, 2021 Updated May 27, 2021
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Carl Icahn
Source: Forbes

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

By Sunil Sharma
Published May 27, 2021 Updated May 27, 2021

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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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Achal Arya
527 Articles
I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. follow me on Twitter at @arya_achal or reach out to me at achal[at]coingape.com.

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