Billionaire David Rubenstein, co-founder of private equity giant Carlyle Group, said in an interview that Bitcoin BTC -0.57% (BTC) is here to stay, thanks to growing institutional interest in BlackRock’s application for a Bitcoin ETF spot and A universal global demand for a form of money that governments cannot control.
“A lot of people around the world want to be able to transact in a currency that governments don’t know what they have, and they want to be able to move that currency right or wrong, so I don’t think bitcoin is going to go away, it’s going to continue,” he said. .
Rubenstein admitted that he regrets not buying Bitcoin at $100. People who once scoffed at cryptocurrencies and the industry in general may be forced to take a second look, given recent interest from traditional financial giants such as BlackRock, he said.
Rubenstein has previously revealed that he is personally invested in companies that facilitate the trading of cryptocurrencies, although he does not directly own any cryptocurrencies.
