Hand of a businessman is holding a floating gold Bitcoin virtual money. bitcoin Blockchain transfer.

Carlyle Group co-founder David Rubenstein, in an interview with CNBC, spoke about personal investments in crypto companies and was optimistic about the prospects for the industry, despite the current market downturn.

The billionaire noted that his confidence is fueled by the desire of the younger generation to innovate.

Young people tend to have the intelligence and energy to start trends. It’s not seventy-somethings who say, “Let’s get into personal computers”

Rubinstein said.

The investor also expressed hope that state regulation would positively influence the development of the industry and would not slow down innovation.

Cryptocurrency supporters in Congress are very strong and tend to be quite Republican and libertarian. The industry is unlikely to be powerful enough when dealing with legislators

Rubenstein believes

In May 2021, the billionaire ruled out the disappearance of cryptocurrencies, noting that they will remain part of the financial landscape for years to come.

Some investments related to blockchain and things related to crypto will probably be with us for some time.

he repeated his statement.

In March, the billionaire clarified on the Colossus podcast that he was not investing in digital assets, but in industry service companies.

In an interview with CNBC, he did not disclose which specific crypto firms he invested in.

It is known that Declaration Partners, an investment advisor to the Rubenstein family office, took part in a $200 million round for the NFT startup Immutable in March. In April, the firm backed infrastructure provider Paxos in a $300 million Series D round.

Recall that in the first half of 2022, the volume of venture investments in blockchain startups exceeded $30 billion, according to Messari and Dove Metrics.

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