Carlyle Group co-founder David Rubenstein, has said in an interview with CNBC that he has invested in crypto companies and that he is optimistic about the prospects for the industry despite the current market downturn.
According to him, his confidence is fueled by the desire of the younger generation to innovate.
He has said:
“Young people tend to have the intelligence and energy to start trends. These are not seventy-somethings who say, “Let’s get into personal computers.”
He also believes that state regulation would positively influence the development of the industry and would not slow down innovation.
He has added:
“The supporters of cryptocurrencies in Congress are very strong and they are generally quite Republican and libertarian. The industry is unlikely to be powerful enough when dealing with legislators.”