Famous Billionaire: Cryptocurrencies Will Be Permanent

Billionaire David Rubenstein said cryptocurrencies like Bitcoin will remain part of the financial environment for a long time.

Famous billionaire: Cryptocurrencies will be permanent. Billionaire businessperson David Rubenstein, who made important statements about cryptocurrencies, said he believes cryptocurrencies like Bitcoin will remain part of the financial environment for many years. Stating that there is no need to worry that the developing asset class is destined to be the road, Rubenstein said, “I think crypto will be permanent. They will not disappear, just as gold does not disappear." Rubenstein told CNBC that some investors see BTC as an asset that could be an alternative to gold. Rubenstein, co-founder and co-chairman of the asset management company Carlyle Group, which has $ 260 billion in assets under its management, announced that it is investing individually in companies that provide cryptocurrency trading services, although not directly in cryptocurrencies. Commenting on Wednesday's downturn, David Rubenstein said, “The price is volatile and yesterday was not a good day, but this is the case for everything relatively new and I don't think you will see cryptocurrencies disappear. They will be permanent." The famous businessperson stated that there is an appetite for an alternative to the current financial system and that people want a different tool than traditional currencies. Rubenstein also said, “If you are investing in cryptocurrencies, you should be prepared for big ups and downs and fluctuations. If you are not prepared for this, do not invest in cryptocurrencies."