Cryptocurrency expert assures that bitcoin will never disappear from the cryptocurrency industry

Billionaire Carlyle Group co-founder David Rubenstein said in an interview with Bloomberg that the flagship digital asset will never disappear from the crypto industry. The top manager noted that he would like to buy bitcoin at an early stage of its formation.

«There is a huge interest around the world in the possibility of owning something that can be transferred bypassing the government and keeping it secret. You can say that people shouldn’t do it, but it certainly won’t hurt them,» Rubinstein explained.

The billionaire reminded that the largest asset manager BlackRock and investment giant Fidelity Investments have filed applications with the SEC to launch ETFs based on the main cryptocurrency: «If the mighty BlackRock wants to have a bitcoin ETF, maybe BTC should be around for a while,» the Carlyle Group co-founder added.

As of August 9, the flagship asset is trading at $ 29,819, which is 2.28% higher than yesterday. The coin’s market capitalization is $ 580 billion. Traders made daily trading deals worth $ 21.6 billion. Bitcoin’s market share is 48.9%.

As a reminder, renowned cryptocurrency trader and analyst Michael van de Poppe refuted investors' speculation that bitcoin would fall to $ 12,000 before a new bull market. The analyst also dismissed the possible capitulation of altcoins.

In his turn, Blockstream CEO Adam Beck is confident that the flagship cryptocurrency will reach a historic high of over $ 100,000 by 2024. The analyst stated that he is ready to bet a million satoshi (approximately $ 290) on this.