2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP479: How to Invest w/ David Rubenstein

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Future of Cryptocurrencies

You don't personally invest in something like Bitcoin, but you have positions in crypto fintech such as Paxos. Is your philosophy during a gold rush sell shovels or do you have fundamental concerns about the asset class because there's a historical precedent of banning things like gold in the Roosevelt era? I would say that I have not been a big fan of trying to figure out which of the cryptocurrencies is the most likely one to do well. Clearly, I bought Bitcoin when it was at 25 cents. And so now what I think is the best thing for me is to find companies that are going to benefit if crypto takes off.

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