American billionaire businessman David Rubenstein who co-founded a private equity firm The Carlyle Group continues to think positively about the crypto industry despite the current bear market.
Related: Billionaire David Rubenstein Changed His Mind About Crypto
According to the businessman, crypto could be a good investment for people who are worried about government control and or regulation.
Speaking about cryptocurrencies and his book "How to Invest '' at the University Club of Chicago, Rubenstein said previously he looked at crypto as some kind of gambling as people got pleasure from watching the screens and allocating money.
However, now Rubenstein believes that crypto isn't going away as some people had thought. He mentioned that although critics may argue that crypto is worthless, others that have liberatarian point want to have some of their assets so that the government wouldn't have control over them.
The businessman said although he didn't invest in cryptocurrencies, he invested in companies that service the industry. Rubenstein says he couldn't pick which of 20,000 cryptocurrencies would work.