Carl Icahn, Latest Billionaire-Flipped-Bitcoiner – Eyes $1.5B Investment

pIn an excitingly positive turn for the crypto industry more and more institutional investors highnetworth individuals and family funds are showing keenness to invest in digital assets In the latest addition to this growing trend US billionaire Carl Icahn is reportedly contemplating anbspa hrefhttpsmarketsbusinessinsidercomcurrenciesnewscarlicahncryptocurrencyinvestmentbilliondigitalassetsbitcoinskeptic targetblank billion investmentanbspin digital currencies Icahn is the latest billionaire to flip his stance on cryptocurrencies after tellingnbspa hrefhttpswwwcnbccomcarlicahnbitcoinandothercryptocurrenciesareridiculoushtml targetblankCNBC in anbspthat he thought cryptocurrencies were quotridiculousquotppHowever the activist investor is now selfadmittedly looking at investing in crypto in ldquoa relatively big wayrdquo where ldquobigrdquo could mean ldquo billion to oneandahalf billionrdquo Icahnrsquos wellknown pessimism about cryptocurrencies had once led him to compare cryptocurrencies with the th century Mississippi land bubble That pessimism does not exist anymore as Icahn is now interested in the overall crypto business and not only a few lucrative coinsnbspppRevising his stand to a great extent Icahn now believes that cryptocurrencies are here to stay in one form or another Icahnrsquos potential investment plans in digital assets follow a substantially long trail of big businesses going after digital assets Another billionaire investor Mark Cuban known for his sarcastic jabs said that ldquoa hrefhttpswwwforbescomsitesbillybambroughtechbillionairemarkcubanpicksbananasoverbitcoinshccce targetblankIrsquod rather have bananas than bitcoinaquot He too now owns a substantial position in bitcoin Cuban is also an ardent advocate of nonfungible tokensrdquoppThe Bridgewater Associates founder and billionaire hedge fund boss Ray Dalio has also flipped in favour of Bitcoin He sees an inflationary future where ldquocash is trashrdquo and BTC becomes a store of wealth However his assessment is tempered with caution He doubts that the governments will tolerate it Worth billion Howard Marks the cofounder of alternative investment management firm Oaktree Capital says he has reconsidered his previous ldquodismissiverdquo stance on bitcoin These instances show that crypto is gaining momentum and changing the perception of skeptics globallynbspppAs the trail of billionaireflippedbitcoiners gets longer and longer the future of digital assets becomes clearer and clearer When analyzing the investment strategies of the wealthiest people on earth it is always a better idea to quotwatch what they do not what they sayquot It is no secret that money is resoundingly flooding the crypto markets and buying the discount So for all those that have been here with us for years all we have to say isnbspCONGRATULATIONSnbspfor beating the billionaires to the punchp