« I wish I had bought bitcoin at $100! » Rest assured, Mr. Rubenstein ! We’re all there. Apart from a few of our readers who had the good fortune, presence of mind, intuition or courage to buy one more than 10 years ago, for the bulk of the troops, it’s still the « same old, same old ». same regret. Even the richest people on the planet are not spared by the phenomenon. Today, it’s David Rubenstein confesses to missing the boat and now has red lasers in his eyes. Appearing on American television earlier this week, he declared his love for Bitcoin and promises him a bright future. Selected excerpts!
The Carlyle Group founder’s about-face in just a few months
While he tended, like many old-world financiers, to gently mock Bitcoin and cryptos, David Rubenstein no longer laughs. In fact, that’s how he began his television appearance on Bloomberg Television, reminding us that theestablishment of the financial world has just become aware of the value proposition and importance of the phenomenon. For him, seeing BlackRock make a ETF request is definitely a game changer and proves that « Bitcoin is here to stay ».
The journalist then asks him if he has become a Bitcoin advocate? David Rubenstein laughs in embarrassment, and immediately responds with regret:
« No, but I wish I’d bought some for $100 when Mike Novogratz started doing it, because he made a lot of money. »
General laughter on the set, and the journalist repeats that we’d all have liked to buy them at that price, The whole on Bloomberg in prime time. Things have definitely changed.
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David Rubenstein: Bitcoin is not just a temporary phenomenon
The next question, from the same reporter, is whether he thinks BlackRock is in it for the value proposition or just to make money because people are interested in Bitcoin. The Carlyle co-founder then explains that he perceives a great skepticism at the American Democrats in Congress and at the SEC. He added that bankruptcy of FTX must have done a lot of harm like cryptos, but that it is necessary to move away from the United States to become aware of the phenomenon:
« Around the world, many people want to be able to do business with a currency over which their government has no power and with which they can move freely. That’s why I think Bitcoin is here to stay. »
Regarding the idea that Bitcoin could be a way of storing value or fighting inflation, David Rubenstein is more measured. No! For him, the strong point of this crypto, and he’ll say it again, is its ability to transfer to transfer value secure and outside the scope of state surveillance :
« There’s a huge interest in the world in something you can transfer without the government knowing about it and keep it private. You can say people shouldn’t do it, but that won’t stop them from doing it. »
Finally, how does he see the immediate future knowing that Gary Gensler of the SEC is opposed to cryptos? As far as he’s concerned, many people in government know that he won’t be the SEC boss forever., and that we’ll just have to wait until he’s gone before moving forward. This is the pragmatic side of an old Wall Street man. Incidentally, some predict already that things could go a little faster than expected.
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