Billionaire Carl Icahn plans to get involved in cryptocurrency, starting at $1 billion « Naijatechnews

Billionaire Carl Icahn plans to get involved in cryptocurrency, starting at $1 billion


Billionaire and founder of Icahn Enterprises, Carl Icahn (Carl Icahn) said on Wednesday that he intends to venture into the field of cryptocurrency and may invest more than one cryptocurrency. 1 billion U.S. dollars.


Billionaire Carl Icahn plans to get involved in cryptocurrency, starting at billion
cryptocurrency

Icahn is an investor. According to Forbes, his net worth is $15.6 billion. In 2018, his attitude towards encryption was still negative, and he said that he would not touch those things. But in his speech yesterday, he also said that he is now considering a large-scale investment and is studying Bitcoin, Ethereum and the entire cryptocurrency field to determine where there are opportunities. He added that as a natural manifestation of inflation in the course of economic operations, alternative currencies are now becoming more and more popular.

Icahn also pointed out: “At this time, I did not consider what I must buy. I am considering the entire business area and how I and Icahn Investment can participate in a relatively large-scale way. Because I do think there is It must stay here in some form.”

When the host asked how much Icahn can invest in US dollars, Icahn said, “For us to dabble is obviously not to buy a few coins, it may be 1 billion U.S. dollars, 1.5 billion U.S. dollars… Of course I can’t say yet. So exact.”

The billionaire further elaborated on his views on cryptocurrencies. He said that he now believes that everyone’s doubts about the value of cryptocurrencies are a bit “wrong” because he doubts the intrinsic value of the U.S. dollar more than them. Cryptocurrency can store value and hedge against inflation. He said: “What is the value of a dollar? The only value of a dollar is that you can use it to pay taxes.”

He also said: “For me, Bitcoin is just a store of value.”

Reminder : Investment is risky, and you need to be cautious when entering the market. Digital currency investment has greater risks and unpredictability, and this article does not constitute any form of investment encouragement and advice.

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