Billionaire Carl Icahn may invest up to $1.5 billion into crypto while noting that “much of the cryptocurrency issued today will not survive.”
Former crypto skeptic Carl Icahn, the founder of Icahn Enterprises, told Bloomberg he’s set to enter the crypto market in a “big way” — teasing an investment of around $1.5 billion.
Icahn is an investor and former advisor to the Trump administration who has a net worth of $15.6 billion according to Forbes. In 2018 Icahn told CNBC that crypto is “ridiculous” and added “maybe I’m too old for them, but I wouldn’t touch that stuff.”
But speaking on May 26, Icahn explained he’s now considering a large investment and that entering the market in such a manner would “not be to buy a few coins or something”:
Icahn joins a growing list of fellow billionaires who have changed their tune over crypto in the past 12 months. When asked about what cryptocurrencies he has his eyes on, the billionaire kept his cards close to his chest and emphasized that.
