Billionaire David Rubenstein excluded the disappearance of bitcoin

Cryptocurrencies will remain part of the financial landscape for many years, said Carlyle Group co -founder David Rubenstein in an interview with CNBC.

“Crypto Has Come from Nowhere to be a force in the Market … it’s heere to state. Cryptocurrency is not Going Away, “The Carlyle Group’s David Rubenstein #Bitcoin. “The idea that is government is going to stock Cryptocurrency from Being Someting Investors Want is Unrealistic.»Pic.Twitter.COM/EdmopyDAZP

– Squawk Box (@squawkcnbc) May 20, 2021

The billionaire noted that he personally invested in the company related to cryptocurrencies. According to him, a new class of assets is not a hobby that is destined to disappear.

“Cryptocurrency will not go anywhere, like gold,” said Carlyle Group co -founder.

Rubenstein added that Bitcoin has its own ups and falls, calling the collapse of the market on May 19 “not the best day”. He advised not to invest in digital assets for those who are not ready for great hesitation.

Regardless of whether they consider the first cryptocurrency correct or not, interest in the alternative of the current financial system is obvious, the billionaire emphasized.

“This is because people in the market want something else except traditional currencies,” Rubenstein explained.

He also doubted that the government could prevent digital assets from becoming what investors want.

Earlier, CEO of Avanti cryptocurrency startup, Kaitlin Long said that the pressure of the regulators on the cryptocurrency industry will remain, but this does not threaten Bitcoin by the ban.

In December 2020, the investment company Declation Partners, supported by the Rubenstein family office, headed the Paxos investra for $ 142 million.

Recall that the American investor Bill Miller called the collapse of Bitcoin https://gagarin.news/ and said that he did not see the need to “comment on normal fluctuations in prices for assets”.