Cryptocurrency News

Billionaire Karl Ikan says he can fall to $ 1.5B in crypto

Former crypto skeptic Karl Ikan, founder of Icahn Enterprises, told Bloomberg that he is ready to enter the crypto market “in a big way” – sparking investments of about $ 1.5 billion.

Icahn is an investor And according to Forbes, the former advisor to the Trump administration, whose total assets are $ 15.6 billion. Icahn in 2018 Told CNBC said that crypto is “ridiculous” and added “maybe I’m too old for them, but I won’t touch that stuff.”

But speaking on 26 May, Icahn Explained He is now considering a large investment and entering the market in this way “will not buy some coins or anything”:

“I mean, a big way for us would be a billion dollars, a billion-and-a-half dollars … I’m not going to say exactly that.”

Icahn joins a growing list of companions Billionaire who changed his mind on crypto over the past 12 months. When asked which cryptocurrency he was eyeing, the billionaire placed his cards near his chest and insisted that:

“Most of the cryptocurrency released today will not survive, but we believe that cryptocurrency may be here to stay in one form or another. To be clear, we have never purchased any cryptocurrency, but we are are studying.”

Icahn believes that cryptocurrencies that do not serve as reserves of least value will be forced out of the market because “there must be some form of value protection” in order to survive.

Icahn Enterprises is a $ 14.5 billion American conglomerate with investments in CVR, Pep Boys and Trump Entertainment Resorts.

Ryan Adams, ether mover And the founders of crypto investment firms Mythos Capital and Bankless speculated on Twitter that Icahn’s recent kite-flying in the media may indicate he already has Entered market:

“If Carl Econ has not already bought ETH and BTC worth one billion dollars, why would he announce that he is going to buy ETH and BTC worth one billion dollars.”

The billionaire further elaborated on Bloomberg’s own views about crypto, saying that he now feels that skepticism over the value of crypto is a “bit wrong-head”, because he values ​​the intrinsic value of the US dollar compared to crypto Raises questions, which may be a store of value and a hedge against inflation.

Okay, what is the value of a dollar? The only value of the dollar is really, because you can use it to pay taxes. “

When Ichan was asked “What is your use case?” For crypto, the 85-year-old talked about the Ethereum network, noting that “this is the underlying blockchain with Ethereum. So, Ethereum has two things: you can use it as a payment system, you can use it Can use as a store of value.

“Bitcoin is just a storehouse of value for me,” he said.