While David Rubenstein has not invested directly into cryptocurrencies, he has exposure to firms that are part of the industry.
The American billionaire and former White House official – David Rubenstein – reiterated his pro-crypto stance, predicting that the industry is “not going away.”
Years ago, he considered it as something that could bring joy to people, such as going to Las Vegas to gamble or playing golf. However, he warned those who want to enter the world of crypto for that reason should be careful what amount of money they distribute: Later, though, Rubenstein changed his stance and now sees crypto as a sector that is here to stay. In his view, the niche is particularly popular among young people in their 20s and 30s who have libertarian values and want to have independence from centralized institutions:“I now think that crypto is not going to go away the way some people are thought, and while you can argue it’s worthless in some aspects, many things people buy are maybe worthless.
“The government doesn’t know what you have, you can move it anywhere around the world, it’s not going to be devalued by government inflation, it’s not the worst thing to put some of your money in.”
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