Billionaire David Rubenstein Voices Confidence In Bitcoin's Endurance Amid Global Interest

Billionaire David Rubenstein believes in the enduring nature of Bitcoin (CRYPTO: BTC), pointing to the "enormous interest" it garners across the globe.

"There’s enormous interest around the world, and to be able to have something you can transfer without having the government knowing about it, and keep it private," he told Bloomberg. "You can say people shouldn’t do that, but that’s not going to stop people from doing it."

Rubenstein, who co-founded the private investment firm The Carlyle Group, also regrets not investing in Bitcoin during its early days. While Bitcoin and its counterparts were once the subject of ridicule, their legitimacy is now being recognized by major financial giants.

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Consider how industry heavyweights like BlackRock (NYSE: BLK) and Fidelity are seeking approval from the U.S. Securities and Exchange Commission to launch Bitcoin exchange-traded funds.

Drawing attention to these developments, Rubenstein remarked, “So, you’re saying 'Wait a second, if the mighty BlackRock is willing to have an ETF in Bitcoin, maybe Bitcoin is going to be around for a while.'”

Valkyrie, WisdomTree, VanEck, Ark Invest and Invesco are also applying for a Bitcoin ETF.

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