Carlyle Group CEO David Rubenstein Says Bitcoin is Here to Stay – Here's the Latest
Yesterday, in a much-talked about conversation with Bloomberg, David Rubenstein, co-founder and co-chairman of the Carlyle Group, confidently spoke of Bitcoin's longevity as an important financial asset, further solidifying the lead cryptocurrency's foray into mainstream finance and investment circles. Rubenstein touched upon the increasing interest institutions have shown in Bitcoin, the global demand for a currency beyond governmental control, and how even major financial institutions are now reconsidering their stance on cryptocurrencies.
Highlighting the shift in sentiment, Rubenstein pointed out BlackRock's recent move to apply for a Bitcoin ETF. BlackRock, being a dominant player in the financial sector, indicates the depth and spread of cryptocurrency acceptance in the financial community.
"A lot of people around the world want to be able to trade in a currency that their government can’t know what they have," Rubenstein stated. "And they want to be able to move it around rightly or wrongly, and so I don’t think Bitcoin is going away."
Looking back, Rubenstein shared his personal regret of missing out on the opportunity to invest in Bitcoin when it was priced at $100.
With leading figures like BlackRock giving nods to cryptocurrency products like ETFs, it brings Bitcoin into sharper focus.
“People made fun of Bitcoin and other cryptocurrencies. But now when someone like Larry Fink at BlackRock says they’re planning to have a Bitcoin ETF, it makes one think that maybe Bitcoin will stick around," Rubenstein said.
While Rubenstein clarified that he doesn't directly own cryptocurrencies, he isn't entirely disconnected either. He invests in companies that enable and simplify crypto trading for users, suggesting a trust in
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