Carl Icahn looking to invest in crypto
The foolish and the dead alone never change their opinions, as James Russel Lowell once subtly noticed. This applies to everyone, but when it comes to billionaires willing to put their money where their mouth is, a change of heart can have big consequences.
One of the Wall Street’s most successful investors Carl Icahn, who once compared cryptocurrencies to the 18th century Mississippi land bubble, concluded yesterday that crypto “is here to stay” and that he is looking to invest $1- 1.5 Bn in crypto. Mr Icahn also showed a particular appreciation for Ethereum: “you can use it as a payment system, you can use it as a store of value”, while Bitcoin is “only a store of value”.
Last time another billionaire Elon Musk announced $1.5 Bn investment in Bitcoin, its price went from $39k to $64k. Will it follow the same pattern now or billionaires’ appreciation for crypto is becoming all too common?
