Billionaire David Rubenstein Regrets Not Buying Bitcoin When It Was Valued At $100: 'I Don't Think BTC Is Going Away'
Portfolio Pulse from Mehab Qureshi
Billionaire David Rubenstein expressed regret for not buying Bitcoin when it was valued at $100 and stated that he believes Bitcoin is here to stay. His confidence is bolstered by BlackRock's application for a spot Bitcoin Exchange-Traded Fund (ETF). Rubenstein highlighted the appeal of Bitcoin's privacy and its ability to facilitate transactions free from government monitoring. He also noted the growing global demand for a decentralized currency beyond government control.
August 09, 2023 | 12:11 pm
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POSITIVE IMPACT
David Rubenstein's positive comments on Bitcoin and the news of BlackRock's application for a Bitcoin ETF could potentially boost investor confidence in Bitcoin, leading to a positive short-term impact on its price.
David Rubenstein's endorsement of Bitcoin as a lasting asset and the news of BlackRock's application for a Bitcoin ETF are both positive developments for Bitcoin. These factors could increase investor confidence in Bitcoin, potentially leading to an increase in its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100