Add news
Король и Шут - Девушка и граф (English/Japanese cover by Even Blurry Videos feat. ICHIGO TANUKI)
Moscow.media
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021
News Every Day |

Former bitcoin skeptic Carl Icahn says he may pour more than $1 billion into cryptocurrencies - but predicts many digital assets won't survive

carl icahn billionaire miami
Activist investor Carl Icahn.
  • Billionaire investor Carl Icahn said he's looking to get into cryptocurrencies "in a big way."
  • He told Bloomberg he may invest more than $1 billion into digital assets.
  • He thinks some cryptocurrencies may get flushed out as they don't boast any safety value.
  • See more stories on Insider's business page.

Billionaire investor Carl Icahn told Bloomberg on Wednesday that he was looking to get involved in the cryptocurrency space, and may invest more than $1 billion into digital assets.

"I mean a big way for us would be a billion dollars, a billion-and-a-half dollars," he said in an interview. "I'm not going to say exactly."

Icahn has changed his tune on cryptocurrencies, after calling bitcoin and other similar assets "ridiculous" only three years ago. Telling CNBC in 2018 that he "wouldn't touch that stuff," he said his dislike perhaps stemmed from not understanding them.

Icahn, who currently has a net worth of $22 billion, said he hasn't yet bought any crypto, but he's exploring where the opportunities lie within the sector as a whole. He acknowledged cryptocurrencies are gaining mainstream acceptance as a consequence of rising inflation.

The activist investor said many cryptocurrencies in circulation right now may not survive, as there needs to be some form of safety value associated with them. "I don't think there will be a lot of good survivors that are out there trading today," he said.

Read More: 'The best time to buy bitcoin is always now': The founder of the world's longest-running crypto exchange told us his best advice for navigating the digital currency's wild volatility

While questioning the intrinsic value of the dollar, he said skepticism over the value of cryptocurrencies is a "little wrong-headed," and the only reason the dollar is valuable is "because you can use it to pay taxes."

According to him, the market is currently in a state of excess due to a combination of factors like an overflow of money in the economy, so-called meme stocks that are "ridiculously-priced," and certain strategies presented by money managers.

"I don't think Reddit and Robinhood and those guys are necessarily bad, I think they do serve a purpose," he said. "Money is funneling back into companies. Some of these companies might be okay, but a number of them, the risk-reward is absurd."

Icahn isn't the only high-profile crypto skeptic to have changed his mind. Legendary investor Howard Marks said earlier this year he was being more open-minded towards bitcoin, and that his son Andrew "thankfully" owns a meaningful amount for the family.

Read the original article on Business Insider




Read also

After Court Hearing, Britney Spears Apologizes to Fans for ‘Pretending’ She’s OK

Coronavirus live: people booking green-list travel from UK should be aware of ‘risk of things changing’, says minister

Our View: Giving data is a much better way of persuading people than scare-mongering





News, articles, comments, with a minute-by-minute update, now on Today24.pro



Today24.pro — latest news 24/7. You can add your news instantly now — here
News Every Day

Game Thread: Union 1 vs Columbus Crew 0, Second half