Speaking to Bloomberg Markets, the billionaire investor, founder, and controlling shareholder of Icahn Enterprises said that he doesn’t actually own any crypto assets, but his firm might get involved in a “relatively big way,” adding “crypto is here to stay in one form or another.”
The 85-year-old businessman seems to know his stuff. When asked if he sees crypto as a store of value or more of a payment system or the ‘underlying blockchain’ as is the case with Ethereum, Icahn replied:
“With Ethereum it’s the underlying block chain. So, Ethereum has two things – you can use it as a payment system, you can use it as a store of value.”
He added that Ethereum and Bitcoin are different, “Bitcoin to me is just a store of value.”
Into The Crypto Business
In the interview on May 26, Bloomberg Markets host Caroline Hyde asked Icahn if he was looking at Bitcoin and Ethereum specifically as an investment. He replied that he is looking at the overall scene:
“I’m looking at the whole business. I’m not looking at what to buy necessarily at this time, I’m just looking at the whole business and how I might get involved in it with Icahn Enterprises, in a relatively big way. Cause I do think it’s here to stay in one form or another.”
When asked to define the meaning of “relatively big way”, Icahn responded “Well, a big way for us would not be to buy a few coins or something,” before adding “I mean, a big way for us would be a billion dollars, billion and-a-half dollars … I’m not going to say exactly.”
Fellow investor and MicroStrategy CEO, Michael Saylor, was quick to acknowledge the weight of the comments and the man behind them.
— Michael Saylor (@michael_saylor) May 26, 2021
According to Forbes Icahn’s net worth is an estimated $15.6 billion as of May 2021.
Markets In Retreat Again
At the time of press, the majority of crypto assets were in decline again with losses over the past 24 hours. Bitcoin had retreated 3.8% to $37,600 while Ethereum had dropped 4% to just below $2,700.
A major investment from the likes of Carl Icahn, however, could well dwarf the ‘Elon Musk effect’ that has largely dictated market sentiment over the past few weeks and months.