David Rubenstein, founder of The Carlyle Group, has returned to talk about Bitcoin. Speaking to Bloomberg, the billionaire said he regretted not buying Bitcoin when it hit $100.
Owner of US$3.3 billion, if Rubenstein invested all that fortune in Bitcoin, his portfolio would be valued at US$978 billion. That is, maybe he was the first billiardaire in the world.
While it seems unlikely that anyone would invest that much money in a single asset, it’s worth remembering that MicroStrategy has invested about $4.5 billion in Bitcoin over the past few years and plans to keep buying.
Billionaire looks at BlackRock’s Bitcoin ETF
David Rubenstein is yet another billionaire who understood Bitcoin. In 2021, while China banned cryptocurrencies, Rubenstein claimed that the “Governments are not going to take down Bitcoin that easily”who revealed himself as an investor.
This Wednesday (9) Rubenstein returned to talk about Bitcoin in conversation with Bloomberg, expressing regret for not seeing this opportunity sooner.
“Bitcoin is something I wish I had bought for $100 when Mike Novogratz started buying. Now it’s $29,000, so he made a lot of money, and a lot of people who bought it for $100 or less feel pretty good.
Despite feeling he was running late, the billionaire remains optimistic about Bitcoin’s future. One reason is the privacy Bitcoin offers, another is BlackRock’s entry into the market.
“People joke about Bitcoin and other cryptocurrencies, but now Larry Fink’s branch at BlackRock says they will have an ETF, if government approves, of bitcoin”Rubenstein said. “So you’re saying ‘wait a minute, if the mighty BlackRock is willing to have an ETF in Bitcoin, maybe Bitcoin will be around for a while.’
In another excerpt, the billionaire points out that people may not need solid assets like gold and Bitcoin when US Treasuries are yielding 5% a year. However, it noted that these yields will drop soon, increasing demand for BTC.
“I don’t believe Bitcoin and other major cryptocurrencies will disappear”commented the billionaire on the future of the industry. “There’s a lot of interest around the world in having something that you can transfer without the government knowing about it and keep it private.”
Finally, Rubenstein also spoke about the attitude of US regulators, especially the SEC, highlighting the Commission’s defeat against Ripple (XRP).
“I believe the SEC has yet to convince the government, or at least the judiciary, that cryptocurrencies are dangerous.”
Finally, it is worth remembering that Rubenstein manages $385 billion in his company, the Carlyle Group. Therefore, the billionaire could be one of the future investors of BlackRock’s Spot Bitcoin ETF.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
