Crypto News: Billionaire investor and the co-founder of The Carlyle Group, David Rubenstein expressed confidence in Bitcoin over the recent filing for spot ETF by financial bigwigs like Blackrock. He said that if the mighty BlackRock is willing to have an ETF in Bitcoin, maybe BTC is going to be around for a while, echoing the popular phrase in the crypto market: “Bitcoin is here to stay.” Speaking to Bloomberg, the investor said the established companies like Blackrock are taking Bitcoin seriously while on one side people make fun of the crypto market.
Also Read: Binance Delisting Cardano (ADA) And Polygon (MATIC), But’s There’s A Catch
When Bloomberg reporters asked if The Carlyle Group was pivoting to advocate for the top cryptocurrency, Rubenstein subtly denied the claim. However, the co-founder said he should have bought BTC when the Bitcoin price was around $100, just like Galaxy Digital CEO Mike Novogratz did. Novogratz and a lot of others who bought at $100 or less made a lot of money as BTC went as high as $69,000, he added. Further, Rubenstein said that outside the United States there is a lot of interest in the crypto market, despite skepticism from a section of lawmakers and the U.S. Securities and Exchange Commission (SEC).
“I don’t think Bitcoin and other popular cryptocurrencies are going away. A lot of people around the world are interested in a currency that keeps the trades private from governments.”
However, he remarked that the FTX collapse in November 2022 hurt the crypto industry. Yet, a lot of people in the world want to be able to trade in a currency that the governments do not have knowledge about, he revealed. Interestingly, Rubenstein said SEC Chair Gary Gensler has not been able to convince the government and the Courts that cryptocurrencies are a dangerous thing, citing Gensler’s recent loss in the Ripple XRP lawsuit.
Also Read: XRP Legal Battle Escalates, Anticipation Grows Over SEC Appeal Denial
Ethereum price slipped nearly 3% today, as the latest ETH whales and institutions' movements…
A national survey has revealed that the CLARITY Act has gained bipartisan support among American…
Amazon's cloud division, AWS, has partnered with crypto exchange Coinbase and Stripe to introduce the…
Crypto ETF issuer Bitwise has unveiled its Crypto Carry Fund, which will target yields from…
After completing its $4.2 billion acquisition of Equiniti, Bullish (NASDAQ:BLSH) has announced it will put…
XRP has been moving mostly sideways for almost three months now, but new on-chain data…