$385B Investment Firm Carlyle Group May Invest in Bitcoin Soon

Carlyle Group co-founder David Rubenstein admits he wished he bought BTC sooner.
While Carlyle Group has not announced any BTC investments yet, others speculate the firm may have bought bitcoins already.
Rumors are floating that the SEC may approve multiple spot BTC ETFs at the same time.

Institutional adoption of Bitcoin (BTC) may continue to increase soon, as global investment firm Carlyle Group’s co-founder David Rubenstein shared his thoughts on the cryptocurrency.

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In an interview with Bloomberg, Rubenstein said that institutional adoption of Bitcoin continues to grow, especially with BlackRock’s spot BTC exchange-traded fund (ETF) application.

Rubenstein said that “maybe, Bitcoin is going to be around for a while.” In fact, the Carlyle Group co-founder admitted that he wished he purchased bitcoins when it was significantly cheaper.

However, as things stand, Rubenstein said that Carlyle is not necessarily investing into Bitcoin — at least, for the time being. It may have crossed Rubenstein’s mind, though, given his sentiment during the interview.

Carlyle Group is a global equity firm that manages $385 billion in investments. The firm has invested in innumerable companies across a wide range of sectors such as technology, media, healthcare, and more.

Meanwhile, Bitcoin is nearly back to $30,000 as market conditions begin to look better. At the time of writing, BTC is changing hands at $29,798.17, according to CoinGecko.

It is not clear why the market is back up, although others claim that this is due to rumors that the Securities and Exchange Commission (SEC) may approve multiple spot BTC ETF applications at the same time.

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Jesus Dawal

Jesus Dawal Jr covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.