Bitcoin and Cryptos Are Starting to Take Off: A Billionaire’s Blue Dream

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Will we be allowed to make 3 wishes? – Is it spring, time to take off or return your jacket? In any case, this is the latest pirouette of the company’s co-founder and co-director, David Rubenstein. Carlyle Group. The iconic billionaire at the head of one of the biggest asset management groups reviewed its historical position on (counter) cryptos around the world. Decoding.

Billionaire’s word on crypto, “genie came out of the lamp”

Cryptocurrencies, which are easy to criticize as well as complex to understand, are discussed. Obvious to some, pure scam for others. While the market has generally been stagnant since November 2021, the “fundamental” assessment of the last two years should be judged at fair value.

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Despite the current state of your portfolio, great actors (expert or not) make a big investment in the region. Here we are talking about investments to build and continue to professionalize the industry, no less than short-term trading or even casino gambling.

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Cryptocurrencies based on blockchain technology are both an innovation and a revolution, if necessary digital. It is therefore largely understandable that the brightest investors of the last century or early 2000s were overwhelmed by this issue. To the point of denying its potential and missing the emergence of a new value exchange tool on the Internet.

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More and more references from eminent so-called traditional investors (stock market, commodities, etc.) say: some missed the wave and therefore found themselves. a little frustrated with his past decisions. The Carlyle Group CEO is the latest.

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Investing in cryptos? “I was skeptical at first”

The war in Ukraine played a big role among the reasons that made him change his mind about crypto assets. In fact, as you can read every week in the Journal du Coin, cryptos have played and are playing a decisive role in times of war when central control bodies have weakened.

I haven’t bought cryptocurrencies, but companies that serve the industry (crypto, editor’s note) because I believe the genie is out of the lamp.. »

Source

This is why Rubinstein has become an indirect player in the crypto industry with his recent acquisitions. It even goes on to make a statement Forbes analyst says cryptos are permanent.

“I don’t think the industry will disappear overnight. […]. If you’re in Ukraine or Russia, if your country is facing major challenges and you want to own assets, owning some cryptocurrency will probably make you feel like you have something outside of government control. »

Functional in times of peace, functional in times of war… The tragic events that punctuated Eastern Europe are a tragic example, a concrete “use-case” (invaluable to the crypto ecosystem). In any case, this is what helped Rubinstein reassess his position.

His testimony is part of other recent statements, and Jamie Dimon in particular, CEO of JP Morgan bankRecognizing that blockchain and decentralized finance (DeFi) represent innovations that the group is at the forefront of.

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Source From: Google News

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