Blackrock Bitcoin ETF: Billionaire investor David Rubenstein said crypto market may be here to stay if big financial companies are keen. By Anvesh Reddy 1 hour ago Updated 1 hour ago
Crypto News: Billionaire investor and the co-founder of The Carlyle Group, David Rubenstein expressed confidence in Bitcoin over the recent filing for spot ETF by financial bigwigs like Blackrock. He said that if the mighty BlackRock is willing to have an ETF in Bitcoin, maybe BTC is going to be around for a while, echoing the popular phrase in the crypto market: “Bitcoin is here to stay.” Speaking to Bloomberg, the investor said the established companies like Blackrock are taking Bitcoin seriously while on one side people make fun of the crypto market.
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Carlyle Group Advocating For Bitcoin?
When Bloomberg reporters asked if The Carlyle Group was pivoting to advocate for the top cryptocurrency, Rubenstein subtly denied the claim. However, the co-founder said he should have bought BTC when the Bitcoin price was around $100, just like Galaxy Digital CEO Mike Novogratz did. Novogratz and a lot of others who bought at $100 or less made a lot of money as BTC went as high as $69,000, he added. Further, Rubenstein said that outside the United States there is a lot of interest in the crypto market, despite skepticism from a section of lawmakers and the U.S. Securities and Exchange Commission (SEC).
“I don’t think Bitcoin and other popular cryptocurrencies are going away. A lot of people around the world are interested in a currency that keeps the trades private from governments.”
However, he remarked that the FTX collapse in November 2022 hurt the crypto industry. Yet, a lot of people in the world want to be able to trade in a currency that the governments do not have knowledge about, he revealed. Interestingly, Rubenstein said SEC Chair Gary Gensler has not been able to convince the government and the Courts that cryptocurrencies are a dangerous thing, citing Gensler’s recent loss in the Ripple XRP lawsuit.
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