Carly Group Founder Predicts The Future Of Crypto Industry
September 06 2022 - 1:40PM
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Despite the recent setbacks in the crypto industry, many are still
hopeful for a better future outcome. In light of this, David
Rubenstein has declared his profound support for the crypto
industry. David Rubenstein is the co-founder of The Carlyle Group,
a global equity investment company. Although many industries have
been affected by the decline, Rubenstein thinks they will survive.
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$10,000 The American billionaire businessman said he is optimistic
about the digital assets industry. Regardless of the crypto
regulatory constraint, Rubenstein speculated that some blockchain
industries would succeed in the future. He also elucidated the
views of congress about the industry and his expectation for the
regulation. The Rubenstein Crypto Prediction Besides being a crypto
skeptic, the businessman is also a pro-crypto investor. The
billionaire said on CNBC’s Squawk Box that he is still hopeful for
the future of the crypto industries. He stated that things that do
not usually conform to conventional wisdom prosper the most. In
2022, the crypto market started declining as investors worried
about aggressive monetary policy tightening. This resulted in
Bitcoin and Altcoins falling significantly from their all-time
highs. Also, many digital assets are losing value due to the recent
market selling pressure. Rubenstein claimed that he has invested in
companies that serve the crypto industry. He predicted that the
industry would not pack up even though it has not done well lately,
owing to the recent decline. While in the interview, Rubenstein
revealed that he invested in Paxos. He is confident that blockchain
companies will succeed despite the pressure in the crypto
ecosystem. The billionaire also explained that the growth drivers
of the digital currency industry are the youths. He compared the
crypto industry’s growth to the spread of personal computers in the
2000s. By the middle of 2000, personal computers existed in more
than half of the households in the U.S. Rubenstein also explained
that young people know how to start and move trends. Older adults,
on the other hand, do not start trends. In the same way, people are
moving the trend because younger generations strive to develop and
encourage new ideas. The U.S. Congress’ Take On Regulations
Rubenstein reacted to the many worries that regulators might hamper
innovation and restrict the market. He stated that congress would
be fair in the digital regulation. Rubenstein also thinks that the
digital sector has strong support in congress. He said that people
are ready to spend on lobbying congress for digital currencies.
Related Reading: Ethereum Nears Another Milestone Ahead Of Merge,
Rally Incoming? The billionaire addressed the recent revelation by
Sam Bankman-Fried, citing that he spends much time lobbying the
congress in Washington DC for digital currencies. He also praised
the founder of FTX for promoting the crypto industry. Featured
image from Pixabay, chart from TradingView.com
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