Billionaire investor Carl Icahn is considering cryptocurrency in a “big way,” earmarking a potential $1.5 billion into alternative currency.
The billionaire investor hasn’t acquired any cryptocurrency yet, but he tells Bloomberg TV that he is analyzing the crypto market for opportunities.
[adinserter block="1"]“I’m looking at the whole business. I’m not looking at what to buy necessarily at this time. I’m just looking at the whole business, and how I might get involved with it.”
Icahn also believes crypto assets are “here to stay in one form or another” and that alternative currencies are becoming popular as a natural progression of economic inflation.
His opinion is a U-turn from his previous stance. In 2018, Icahn was a skeptic, calling cryptocurrency “ridiculous.”
Icahn joins a number of billionaires who have reversed their negative opinion of cryptocurrency, including Mark Cuban, Michael Saylor and Howard Marks.
He also warned that the future of crypto may eliminate a lot of the coins currently on the market.
“I don’t think there will be a lot of survivors out there trading today. I think there’s got to be some form of really feeling there’s safety and value there.”
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