David Rubenstein: People Won't Abandon Cryptocurrencies

US billionaire David Rubenstein said that cryptocurrency investors, who are going through hard times, cannot give up on cryptocurrencies despite the current state of the markets.

David Rubenstein: People Won't Abandon Cryptocurrencies. Speaking to Bloomberg, the famous billionaire made evaluations about the collapse in the cryptocurrency markets. Rubenstein, Co-Founder of The Carlyle Group, stated that the collapse in the crypto markets is normal and stated that investors will continue to support the concept behind the crypto market. Saying that the volatility in prices will continue for a while, Rubenstein underlined that the asset "will not disappear". The successful businessman, who believes that it is necessary to think long-term rather than short-term, stated that when the last 10 years are examined, the profit return of 20 thousand dollars is quite good. Rubenstein concluded his remarks with the following words: “Of course, if you bought it for $60,000, you lost a lot of money, and I'm not saying these are great investments, but I think they're investments that will never go away. I don't think the entire crypto economy is going to collapse.”     Source: Coinkolik