Billionaire David Rubenstein Believes Bitcoin is Here to Stay
Billionaire investor David Rubenstein believes that bitcoin is not going away anytime soon, citing the “enormous interest” in the cryptocurrency. Rubenstein notes that the ability to transfer money without government oversight and maintain privacy is a strong allure for many individuals.
Key Points:
- Enormous interest worldwide in bitcoin
- Bitcoin offers privacy and the ability to transfer money without government knowledge
- Major financial firms like BlackRock and Fidelity are now interested in bitcoin
- BlackRock’s interest in a bitcoin exchange-traded fund suggests bitcoin’s longevity
- Rubenstein regrets not buying bitcoin earlier
Rubenstein acknowledges that there were skeptics who once made fun of bitcoin, but now even major companies like BlackRock and Fidelity are applying for bitcoin exchange-traded funds. He believes that if these influential players are interested, it indicates that bitcoin will likely endure.
Hot Take:
David Rubenstein’s endorsement of bitcoin’s longevity reflects the growing acceptance and interest in cryptocurrencies among traditional financial institutions. As more major players enter the space, it further solidifies bitcoin’s position as a legitimate investment and store of value.
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