{"id":42960,"date":"2021-05-21T20:02:43","date_gmt":"2021-05-21T17:02:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42960"},"modified":"2025-08-31T01:28:01","modified_gmt":"2025-08-30T22:28:01","slug":"billionaire-david-rubenstein-rules-out-the-disappearance-of-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/billionaire-david-rubenstein-rules-out-the-disappearance-of-cryptocurrencies\/","title":{"rendered":"Billionaire David Rubenstein Rules Out the Disappearance of Cryptocurrencies"},"content":{"rendered":"<p>Cryptocurrencies will remain part of the financial landscape for many years, said Carlyle Group cofounder David Rubenstein in an interview with CNBC.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cCrypto has come from nowhere to be a force in the market \u2026 it\u2019s here to stay. Cryptocurrency is not going away,\u201d The Carlyle Group\u2019s David Rubenstein <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a>. \u201cThe idea that the government is going to stop cryptocurrency from being something investors want is unrealistic.\u201d <a href=\"https:\/\/t.co\/edMOpydAzp\">pic.twitter.com\/edMOpydAzp<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1395354887966412801?ref_src=twsrc%5Etfw\">May 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The billionaire noted that he has personally invested in companies linked to cryptocurrencies. He said the new asset class is not a fad that is destined to disappear.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cCryptocurrency isn\u2019t going anywhere, just like gold,\u201d said the Carlyle Group cofounder.<\/p>\n<\/blockquote>\n<p>Rubenstein added that Bitcoin has its ups and downs, <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-falls-below-35000\">the May 19 market crash<\/a> \u201cnot the best day.\u201d He advised against investing in digital assets for those who are not prepared for large swings.<\/p>\n<p>Regardless of whether people think Bitcoin is the right thing, interest in an alternative to the current financial system is evident, the billionaire emphasised.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is happening because people in the market want something other than traditional currencies,\u201d explained Rubenstein.<\/p>\n<\/blockquote>\n<p>He also doubted that the government could prevent digital assets from becoming what investors want.<\/p>\n<p>Earlier, Caitlin Long, CEO of the cryptocurrency startup Avanti, said regulatory pressure on the crypto industry would persist, but this <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-regulatory-pressure-will-endure-but-a-bitcoin-ban-is-not-on-the-cards\">does not pose a ban on Bitcoin<\/a>.<\/p>\n<p>In December 2020, the investment firm Declaration Partners, backed by Rubenstein&#8217;s family office, led Paxos&#8217; investment round of $142 million.<\/p>\n<p>Earlier, American investor Bill Miller described the Bitcoin crash as a trivial matter and said he did not see a need to \u201ccomment on normal price fluctuations of assets\u201d.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrencies will remain part of the financial landscape for many years, said Carlyle Group cofounder David Rubenstein in an interview with CNBC.<\/p>\n","protected":false},"author":1,"featured_media":42961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138],"class_list":["post-42960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42960"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42960\/revisions"}],"predecessor-version":[{"id":42962,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42960\/revisions\/42962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42961"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}