Billionaire Carl Icahn might invest up to $1.5 billion into crypto while noticing that “much of the cryptocurrency delivered today will not survive.”
Previous crypto skeptic Carl Icahn, the creator of Icahn Enterprises, said Bloomberg he’s set to arrive the crypto market in a “big way” — playful an investment of around $1.5B.
Icahn is an investor & previous advisor to the Trump administration who has a disposable value of $15.6 billion rendering to Forbes. In 2018 Icahn expressed CNBC that crypto is “ridiculous” & added ‘perhaps I’m too old for them, but I would not touch that stuff.’
But discourse on May 26, Icahn clarified he’s now seeing a large investment & that incoming the market in such a way would “not be to buy a rare coins or something”:
‘I mean, a large method for us would be a billion dollars, billion-and-a-half dollars … I’m not going to say precisely.’
Icahn joins a rising list of fellow billionaires who have altered their tune over crypto in the historical twelve months. When requested about what cryptocurrencies he has his eyes on, the billionaire reserved his cards close to his chest & highlighted that:
‘Abundant of the cryptocurrency delivered today will not survive, but we trust cryptocurrency in one procedure or another might be here to break. To be clear, we have not once accepted any cryptocurrency, but we are studying it.’
Icahn trusts that cryptocurrencies that do not at smallest serve as a store of worth will be flushed out of the market as “there’s gotta be some procedure of safety of worth there” to survive.
Icahn Enterprises is a $14.5 billion American conglomerate with investments in CVR, Pep Boys, & Trump Entertaining Resorts.
Ryan Adams, ETH advocate & creator of crypto investment firm Mythos Capital & Bankless, gambled on Twitter that Icahn’s new kite flying in the media, might designate he has already arrived the market:
‘If Carl Icahn has not already accepted a billion dollars’ value of ETH & BTC why would he proclaim he’s about to buy a billion dollars’ worth of ETH & BTC.’
The billionaire long-drawn-out additional on his opinions about crypto to Bloomberg, proverb he now thinks that skepticism over the worth of crypto is a “little wrong-headed,” as he questions the intrinsic price of the U.S. dollar in comparison to crypto, which might be a store of value & hedge in contradiction of inflation.
Well, what’s the worth of a dollar? The only worth of the dollar actually, is because you can use it to pay taxes.”
When Ichan was requested “what is your use case?” for crypto, the 85-year-old rod about the ETH network, noting that “with ETH it is the underlying blockchain. So, ETH has 2 things: you can use it as a payment system, you can usage it as a store of worth.
‘BTC to me is just a store of worth,’ he added.