- Billionaire investor David Rubenstein expresses regret for not investing in Bitcoin
when it was worth $100.
- Rubenstein compares Bitcoin to gold and silver, asserting that it’s here to stay despite regulatory challenges.
- Guest Mike Novogratz predicts that a spot Bitcoin ETF could be approved within the next six months.
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In a recent interview, billionaire investor David Rubenstein voiced his regret for not buying Bitcoin when it was only $100. He also compared Bitcoin to precious metals and predicted its longevity despite regulatory hurdles. Guest Mike Novogratz also shared his prediction of a spot Bitcoin ETF approval in the near future.
Regret Over Missed Bitcoin Opportunity
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David Rubenstein, a renowned billionaire investor, recently shared his remorse for not capitalizing on the opportunity to invest in Bitcoin when it was merely $100. In a conversation with Mike Novogratz on his own show, Rubenstein expressed his regret, noting that Bitcoin’s value has since soared to $29,000, yielding significant profits for early investors like Novogratz.
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Despite his missed opportunity, Rubenstein remains optimistic about Bitcoin’s future. He compared the leading cryptocurrency to gold and silver, asserting that it has become a reliable store of value. Rubenstein believes that, much like these precious metals, Bitcoin will continue to be a part of our lives, undeterred by regulatory challenges.
Spot Bitcoin ETF Approval
During the same discussion, Mike Novogratz, a well-known figure in the crypto world, shared his prediction regarding the approval of a spot Bitcoin ETF. Based on information he received from BlackRock and Invesco, Novogratz believes that such an ETF could be approved within the next six months.
In conclusion, while Rubenstein may have missed the early Bitcoin investment opportunity, his outlook on the cryptocurrency is positive. He sees it as a lasting store of value, akin to gold and silver. Novogratz’s prediction of a spot Bitcoin ETF approval further underscores the growing acceptance and integration of Bitcoin into the mainstream financial landscape.