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Friday, September 30, 2022

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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