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Billionaire Carl Icahn May Invest up to $1B in Crypto

Carl_Icahn_Says_He_May_Get_Into_Cryptocurrencies_in_a_‘Big_Way’
  • Billionaire Carl Icahn said he may invest in crypto in an interview.
  • The American investor said he is studying the crypto market as a whole.
  • Icahn noted that alternate currencies are a product of inflation in the economy.

American businessman Carl Icahn suggested in an interview that he may get into crypto in a “big way”. The activist investor doesn’t own any crypto at the moment.

Icahn shared that he may eventually put up to $1 billion in a digital currency. Still, he was careful not to give details about any of his future investment plans in the interview. However, the 26th wealthiest person on the Forbes 400 list certainly showed great interest in the industry.

I’m looking at the whole business, and how I might get involved in it.

Bloomberg conducted the interview and broadcasted it on TV. Talking about crypto, Icahn also added that Bitcoin and Ethereum are not the same. According to him, Bitcoin is just a store of value, while Ethereum, is a “real value-added company” because it assures buyers that they have something of value.

Moreover, he spoke about how alternate currency is a natural manifestation of inflation in the economy. Not just this, but Icahn said he thinks cryptocurrency is here to stay.  Another reason for why people are looking at crypto is because managers are trading parts of the equities market at “ridiculous prices”, he further noted.

The billionaire is one of many people who’ve changed their stance recently regarding crypto’s validity and role as an alternate store of value. His statements in this interview are completely at odds with his feelings about cryptocurrency back in 2018. Back then, he called them “ridiculous” and said he “wouldn’t touch that stuff.”

Following the interview, the crypto community is already busy speculating about whether Icahn’s statements about future plans to invest in crypto are true. Some believe he’s already investing.

Recently, many major investors and companies have taken an interest in crypto. This may be a good reason why the crypto market value is on its way to recovery. As of today, Bitcoin traded around $38,468.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.