- The co-founder of Carlyle Group has backed bitcoin and noted the high demand for it.
- He is confident the U.S. Congress will still pass a cryptocurrency bill and the asset “isn’t going anywhere.”
- He also expressed regret for not buying bitcoin earlier, when it was worth about $100.
David Rubenstein, co-founder of the Carlyle Group, a major investment firm, commented on his attitude toward bitcoin. He stated that the asset has started to be taken more seriously. He also regretted not buying it sooner.
“What’s happening now is that people who used to think bitcoin was a toy have changed their position. BlackRock’s Larry Fink’s actions [filing for a spot bitcoin-ETF] had an impact on that. People started to wonder if this [bitcoin] might not be a temporary trend,” Rubenstein emphasized.
He further added the following:
“There’s no question that bitcoin is something I wish I had bought when it was at $100, as Mike [Novogratz, CEO of GalaxyDigital] did. This asset is now worth over $29,000. Even with bitcoin dropping from $60,000 to $30,000, that’s a huge gain.”
Rubenstein also acknowledged a certain amount of skepticism from Democrats in the U.S. Congress toward cryptocurrencies. However, he believes the interest in the asset from Wall Street “players” is a strong signal.
The billionaire believes the demand for bitcoin is driven by the anonymity of this payment solution, however. Therefore, Rubenstein believes, the asset “isn’t going anywhere”. From his words, Republicans will still sell the cryptocurrency bill. Earlier we reported that bitcoin tried to overcome the resistance level of $30,000.
Bitcoin’s resistance level of $30,000 has been broken.