Billionaire David Rubenstein reveals why he changed his stance on crypto.

April 12, 2022

Rubenstein was skeptical of crypto but now understands why people are turning to cryptocurrencies.

Co-founder of Carlyle Group, David Rubenstein, said that he was skeptical about crypto because of its non-existent intrinsic value.

The American billionaire businessman changed his stance on crypto saying it is clear to him that younger people don’t believe there’s much underlying any currency.

Rubenstein thinks owning crypto enables people to feel better that they can have something that’s outside of the government’s control.

Currently, the billionaire does not own any cryptocurrencies, but has invested in companies that serve this industry.

Rubenstein also opined that he does not think that the industry is going to go away anytime soon.

“The genie is out of the bottle,” ~ David Rubenstein