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Sunday, September 24, 2023

No more skepticism! Founder of Private Equity Giant Carlyle Invests in Crypto Industry

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Billionaire and private equity giant Carlyle Group co-founder David Rubenstein admitted on September 1 that he has personally invested in several cryptocurrency companies and is optimistic about the regulation of the cryptocurrency industry in the United States. road. It also represents a turning point for Rubinstein, who was once skeptical of cryptocurrencies.

Rubinstein said in an exclusive interview with “CNBC” a few days ago that he believes that the US government’s regulation will benefit the cryptocurrency industry, and the US Congress will take a cooperative approach to revitalize the innovation environment in the United States. Rubinstein pointed out

In fact, Rubinstein vaguely revealed months ago that his crypto-skeptical stance had changed. He said on the Podcast “Invest Like the Best” at the time :

Rubinstein reiterated his new point of view on September 1, saying: ” We will continue to participate in some blockchain-related investments and cryptocurrency related things”, “Young people usually have the wisdom and energy to participate in innovative trends. “.

Blockchain infrastructure service provider Paxos raised $142 million in a Series C funding round in December 2020, led by Declaration Partners, an investment advisor to the Rubinstein family office .

Rubinstein co-founded The Carlyle Group in 1987, a private equity firm with $167 billion in assets under management and a portfolio of more than 270 active companies. Forbes estimates Rubinstein’s net worth at $3.3 billion.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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