This Billionaire Investor Loves Bitcoin. But Is It Right for You?
Billionaire investor David Rubenstein, co-founder of investment firm Carlyle Group Inc. (NASDAQ: CG), recently appeared on Bloomberg TV, talking about the case for investing in Bitcoin (CRYPTO: BTC). Like many investors, he regrets not buying Bitcoin when it was trading for just $100. Though Bitcoin is well off its all-time highs, its current price of nearly $30,000 means it would have generated 300-fold returns for early crypto investors.
The good news is that there might still be time to participate in Bitcoin's upside potential. According to Rubenstein, there are at least two key factors that should be on your investment radar screen right now because both have the potential to send Bitcoin soaring.
Even just a few years ago, it would have been difficult to find any large institutional investors making the bullish case for Bitcoin. Back in 2020, Bitcoin was still viewed as a highly speculative asset with the potential to collapse to zero overnight. But a lot has changed since Bitcoin went on its epic rally to reach a high of almost $69,000.
Source Fool.com
