Hi,
today, Carl Icahn came in an interview that can be listed here, where he stated that he plans to go big into crypto, BTC to be more precise.
What is big time? Well, one to one and half billion worth of BTC, which by any means is a huge sum for every person out there.
Well, why it this important? It is a signal that the old dinosaurs, who have been critic to crypto and BTC, like Dalio, now turn to crypto. Remember this are over 70 year old people, Carl Icahn being 85 years old at the moment.
This guy is a tough one, having a reputation of a hardliner. If you know Oliver Stone, you might know that he made the film Wall Street, where Gordon Gekko was inspired by him. Icahn is not like Dalio, he is the bullish guy that buys companies and gets 20%-30% improvement in a year by reducing waste and not needed processes and personnel. A trough self-made billionaire, which knows hard work and most of the time the hidden value.
I say most of the time, as he was one of the biggest sceptic towards BTC and crypto. Something made change his mind. Does he see BTC a better investment to state bonds? Of course, else he would not want to put $1 billion into it.
This is the second dinosaur this week that praises crypto, not all crypto, but the one with value.
If we see some more like him, we might ignore the influencers under influence.
Do you think we will have an increase in BTC value following this announcement?
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Am loving the fact that more and more smart people of finance are seeing value in this sector. Adds legitimacy. Whether they back exchanges or custodians or buy bags of crypto, they will ensure that crypto survives and any future regulation is crypto friendly.
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A definite plus.
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We will probably see more investments into BTC but I think the FUD in the most part has people scared.
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Are the investment dinos abandoning gold and bonds? or are they investing in both in a big way?
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Am loving the fact that more and more smart people of finance are seeing value in this sector.l ensure that crypto survives future
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It's nice to see there 70+ yo people coming into crypto... I think that they aren't stupid and they are going after that popular motto...
"If you can't beat them, join them"
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BEER.I always welcome news that can potentially open eyes to crypto
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More great news for BTC enthusiasts and crypto in general.
Purchases of them kind of amounts are always a good thing for the ecosystem
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If he buys a very large chunk of BTC, maybe there would be an increase in BTC value.
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Yes I believe this will bring increase in the market and add value to BTC.
Yes BTC is on it's down trend right now trying to make correction in the market and take back an uptrend move.
So I fully believe any favorable economic move on BTC will actually add an increase to the rise of BTC.
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Probably charitable to call him someone who understands hard work and hidden value. Isn't he more like the iconic corporate raider who pushes hostile takeovers, stacks boards, and when he gets his way strips profits, often ruining companies and randomly thinning workforces in ways that bear little resemblance to an effective company. I mean I get it that we are supposed to automatically worship the guy because he's rich, and now all of a sudden he likes BTC. But he doesn't like BTC because he sees value in it per se.
Given his track record, it is safer to assume he sees a way to leverage whatever holdings he can organize to strip value from BTC then move on. Maybe he likes the sounds of Elon's centralized miner's deal. Maybe he likes particular regulations his insiders are telling him about.
Or, more likely it is the push of the billionaires club for centralized controlling interest in BTC plus the LACK of regulation and oversight that attracts him to BTC and crypto. Who knows. His track record is not building, it's dismantling and auctioning off the parts. It will be interesting to see what tactics he uses, but it's hard to imagine that it will be in any way aligned with adding value to BTC or preserving the de-cent vision. Just my 2 cents.
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Interesting, was the first billionaire Mark Cuban or someone else?
Thanks
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