American billionaire David Rubenstein thinks that despite the collapse in the crypto market, people will not give up crypto.
American billionaire and Co-Founder of The Carlyle Group, David Rubenstein, discussed the cryptocurrency market in an interview with Bloomberg. Speaking on the subject, Rubenstein said that the decline in the crypto market is a normal development as all markets are falling. Rubenstein also thinks that people will not abandon the concept behind the crypto market.
The billionaire, who predicts that price volatility will continue, thinks that the asset will not “go out” and that a price over $20,000 is a significant achievement given its progress over the past decade:
“Of course, 60,000 If you bought it for dollars, you lost a lot of money, and I’m not saying these are great investments, but I think these are investments that will never go away. I don’t think the entire crypto economy is going to collapse.”
The billionaire also made pro-Bitcoin statements last April for giving financial freedom to individuals.
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