Carl Icahn ready to pour billions into crypto

Carl Icahn

Now that’s a name I’ve not heard in a long time, a long time! Carl Icahn may have made a name for itself as a corporate raider in the 1980s, but in the 2020s, he has set his eyes on crypto.

The billionaire is mulling over taking a dip in the cryptocurrency space, and in a big way at that.

Say, about $1.5 billion big.

The founder of Icahn enterprises has said that his company is exploring how to get involved in cryptocurrency in a relatively big way, which in his own words could be an investment of about $1.5 billion or more.

He shared his cryptocurrency plan in an interview with Bloomberg on Wednesday, saying:

“I’m looking at the whole business and how I can get involved in it with Icahn Enterprises in a relatively big way because, I think, it’s here to stay in one form or another.”

When asked specifically what a relatively big way means for him and his company, he described it would be a billion dollars, a billion and a half dollars. Then again, sometimes they go bigger than that, sometimes a lot smaller, so it could all come down to variables.

Icahn further clarified that his company has never bought any cryptocurrency, but they are studying the field right now.

The former Bitcoin skeptic also opined that many cryptocurrencies are overvalued.

In his view, much of the cryptocurrency issued today will not survive. But he is mighty confident that cryptocurrency in one for or another might be here to stay, which is why Icahn believes that it is time to make some waves in this space.


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