Former Smithsonian Institution president David Rubenstein recently stated that at this point, there is no way for governments to stop cryptocurrencies. Moreover, he emphasized the huge role of digital assets in the financial industry and predicted that they will not go away. Governments can't stop cryptocurrencies With the tremendous growth of the cryptocurrency market over the past year, numerous experts have raised concerns about a potential ban by governments and the effects it could have on the industry. However, David Rubenstein, president of the Kennedy Center for the Performing Arts and co-founder of U.S. private equity firm The Carlyle Group, believes that this is not a possibility. In an interview with CNBC, the American billionaire and philanthropist said that cryptocurrencies exist and grow because "people in the market want something different from traditional currency." He also assured that digital assets are "here to stay" and said that governments will not be able to stop their progress. The idea that cryptocurrency will go away or that the government will stop cryptocurrency from being something investors want is unrealistic at this point. Rubenstein added that because crypto is a very young invention, investors should expect similar ups and downs. He also warned those who are not ready for such high volatility to simply not invest. Although Rubenstein has not directly invested in any digital assets, he personally owns shares in industry companies. Comments on Twitter Soon after the interview, cryptocurrency supporters began posting on Twitter to highlight Rubenstein's favorable approach. MicroStrategy CEO Michael Saylor was one of the first. In addition to listing Rubenstein's current and past accolades, the executive described his words as "auspicious for Bitcoin." The CEO of Galaxy Digital, Michael Novogratz, stated that he is "this is really important" and called Rubenstein "one of the most respected investors with the best DC connections ever." And Travis Kling, founder and CIO of Ikigai Asset, recalled that Rubenstein was "the guy who hired Jay Powell before he was hired at the Fed." Tags bitcoin btc David Rubenstein cryptocurrencies regulation governments Bans
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