Carlyle's founder, David Rubenstein, warns against buying when prices are down

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 Carlyle's founder, David Rubenstein, warns against buying when prices are down

Rubsteinstein is a billionaire investor and co-founder of one of the world's largest private equity firms, the Carlyle Group. He published his book this month and offers time-tested advice on how to invest long-term incryptocurrencies and other assets.

Rubenstein warns against the temptation to be a fool's errand when the book has an entire section dedicated to investing in criptomes, but Rubenstein warns against the task of trying to pick the ultimate winner, or winners, is an extremely difficult task, as it has an entire section devoted to investing in the nascent industry.

The businessman once saw criptocurrency as a risky bet and subscribed to a belief that it lacked any underlying value. Rubenstein believes that even the current bear market and war in Ukraine can't stop the growth of criptocurrency as an emerging industry. I believe that cryptocurrencies are more likely to be around longer than originally believed, he tells Coin Investor. You mentioned the war in Ukraine as a reason to stay optimistic about criptocurrency. Rubenstein: My view is that many Russian oligarchs place their assets in very visible forms of wealth homes, boats, art that are easily confiscated by governments. The governments may not know what is owned or how to access it, so cryptocurrencies are less easily seized. More and more people who want to hedge their bets may put larger amounts of their net worth incryptocurrencies which can be seized by governments.

We are currently in a period of economic turmoil for criptocurrency. What do you think of the current moment, and what do you see as the next step for investors holding onto or worrying about their assets?

Rubenstein: The biggest mistake investors make is selling when asset prices are down and buying when asset prices are up. It is likely that many investors are shedding assets because of the fact that prices for cryptocurrencies are down compared to their heights. History shows that investors are better off buying more when asset prices are lower, or not selling when they think the market is close to a bottom. It is a better way to hold on to the rebound that may be inevitable.

What is important for investors to understand about the promise and threat of regulation?

Members of Congress are putting a little bit of pressure on regulators right now. Members of Congress are lobbying for more regulation of the industry. I do not expect a large number of new regulations, because there is not much pressure to regulate. I do not believe that Congress is going to do anything that will upend the current regulatory apparatus until there are large scandals or massive multi-billion dollar lawsuits brought by average investors.