Home Crypto Billionaire Carl Icahn Exploring $1,500,000,000 Investment in Bitcoin and Crypto Markets

Billionaire Carl Icahn Exploring $1,500,000,000 Investment in Bitcoin and Crypto Markets

Billionaire investor Carl Icahn is contemplating cryptocurrency in a “huge means,” earmarking a possible $1.5 billion into various foreign money.

The billionaire investor hasn’t acquired any cryptocurrency but, however he tells Bloomberg TV that he’s analyzing the crypto marketplace for alternatives.

“I’m trying on the complete enterprise. I’m not what to purchase essentially at the moment. I’m simply trying on the complete enterprise, and how I would get entangled with it.”

Icahn additionally believes crypto property are “right here to remain in one kind or one other” and that various currencies have gotten widespread as a pure development of financial inflation.

His opinion is a U-turn from his earlier stance. In 2018, Icahn was a skeptic, calling cryptocurrency “ridiculous.”

Icahn joins quite a few billionaires who’ve reversed their destructive opinion of cryptocurrency, together with Mark Cuban, Michael Saylor and Howard Marks.

He additionally warned that the way forward for crypto could eradicate a variety of the cash at the moment in the marketplace.

“I don’t assume there can be a variety of survivors on the market buying and selling in the present day. I feel there’s acquired to be some type of actually feeling there’s security and worth there.”

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Featured Image: Shutterstock/Andrew Angelov

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