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

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May 27, 2021 1:50 am

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.

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.

Achal Arya

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.

Published by

Achal Arya

May 27, 2021 1:50 am