Personal investment – This founder of a venture capital company has come to understand that cryptocurrencies are, one way or another, now essential and that they are here to stay.
A billionaire in cryptocurrencies: from doubt to investment
Cryptocurrencies managed to melt the heart and the wallet of a former skeptic. The co-founder of private equity firm Carlyle Group, billionaire David Rubenstein, admitted to having personally invested in crypto businessesduring his appearance on CNBC’s Squawk Box on September 2.
David Rubenstein had already revealed this change in direction in March this year, saying during the Colossus podcast that he had not bought cryptocurrencies, but had acquired “industry-shaping companies”.
The time of criticism of cryptocurrencies is thus over for the billionaire. During his recent speech on Squawk Box, David Rubenstein even defended the sustainability of the sectorsaying that “some of the blockchain-related investments and things associated with cryptos are likely to be with us for a while.”
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Crypto regulations in the United States: soon the end of vagueness and guesswork?
The doubts were therefore dispelled. David Rubenstein has an optimistic view of the industry and particularly of its regulation in the United States. He bets on a collaborative approach of the Congresswhich would thus prioritize innovation in this field, in the country.
In fact, to have a clearer idea of the upcoming legislation and regulation of the industry in the United States, investors will have to wait for the publication of the reports of various regulators which must land no later than September 5 on the White House offices.
These documents deal with various topics relating to the regulation of digital assets, following the publication by Joe Biden of the decree of March 9 which addresses these issues.
Billionaires switching sides in favor of cryptocurrencies are on the list of signals that are blinking in favor of the industry. David Rubenstein today speaks as a fervent defender of cryptocurrencies, words consistent with his investments. But although the billionaire and the cryptophiles are hoping for sound crypto regulation, which stimulates the growth of the sector, they must not forget that the war is far from won. In recent developments calling for caution, regulators have gone after Tornado Cash, threatening the future of Open Source, including web3 technologies.
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