Carlyle Group co-founder David Rubenstein admitted that he was skeptical about cryptocurrencies during his Invest Like the Best podcast, but that changed his mind over time.

According to the investor, he believed there was “nothing” behind Bitcoin and Ethereum.

“I understand that many young people no longer think there is anything serious behind the dollar, euro or other currencies,” said the Carlyle Group co-founder.

He stressed that he did not buy cryptocurrencies, but “invested in companies that serve the industry.” Rubenstein did not disclose specific investments.

“[…] “The genie is out of the bottle and I don’t think the industry is going away anytime soon,” he said.

Rubenstein also cited the crisis in Ukraine as an additional reason for his renewed optimism about cryptocurrencies.

“If you’re in Ukraine or Russia and the country is in a lot of trouble and you want to own some assets, owning some crypto will probably make you feel better when something is out of government control,” Rubenstein said. said.

In May 2021, the Carlyle Group co-founder ruled out the disappearance of cryptocurrencies. He expressed the view that digital assets will remain a part of the financial environment for a long time.

Recall that in April 2022, Jordan Peterson, a philosopher and professor of psychology at the University of Toronto, called bitcoin revolutionary, but it caused concern.