Billionaire investor Carl Icahn, the founder of Icahn Enterprises, said his company is exploring how to get involved in cryptocurrency “in a relatively large way” which he believes could represent a significant investment. about $ 1.5 billion.

Carl Icahn explores cryptocurrency

Carl Icahn, founder and majority shareholder of Icahn Enterprises, a diversified New York-based conglomerate holding company, revealed his cryptocurrency plan in an interview with Bloomberg on Wednesday. He said:

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

Icahn is one of Wall Street’s most successful investors. In 1678 he founded Icahn & Co., a securities firm specializing in arbitrage and options trading. In 1978 he began to hold important positions in sole proprietorships including RJR Nabisco, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, Uniroyal, Dan River, Marvel, Revlon, Fairmont, Time Warner, Yahoo, Lions Gate, CIT, Motorola, Genzyme, Biogen, Chesapeake Energy, El Paso, Amylin Pharmaceuticals, Lawson Software, Medimmune, Dell, Netflix, Forest Laboratories, Apple and Ebay.

The billionaire investor was asked what a “relatively big deal” means to him and his business. He described:

A big way for us would be a billion dollars, a billion and a half dollars, something like that. It would be kind of a big road, I guess, for us. But sometimes we go bigger than that, sometimes a lot smaller. I won’t say exactly.

Icahn clarified, “To be clear, we have never bought cryptocurrency, but we are studying it.”

The billionaire noted that many cryptocurrencies are overvalued in his opinion. He expressed his opinion: “Much of the cryptocurrency issued today will not survive, but we believe cryptocurrency in one form or another could be here to stay.”

What do you think of Carl Icahn’s entry into cryptocurrency “in a relatively large way”? Let us know in the comments section below.

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