Billionaire Investor Icahn Eyes Ethereum and +$1B Investment in Crypto

Oooo, is it going to heat up again? things are going sideways now. But at least it's not plummeting down to $25k support level with BTC (or lower) and everything else following.

Things look to be getting better... maybe. Recent new from mainstream investor Carl Icahn is a positive sell-the-news event for crypto.

https://www.youtube.com/watch?v=hs8Ji9YOYnI

Today, he told Bloomberg Markets he's looking to get into crypto "relatively big way," and that "Crypto is here to stay in one form or another".

Hot damn! And this guy was anti-crypto a few years ago, saying it was ridiculous. Well, he changed his tune.

Why? Inflation. People are looking to put their money in shit that isn't going to pop like a balloon with Biden printing money like mad.

"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."

"So Ethereum and Bitcoin are different. Bitcoin to me is just a store of value."

"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."

Right there, is the singling out of Ethereum over BTC!

Is he buying ETH? He won't say:

"I mean, a big way for us would be a billion dollars, billion and-a-half dollars ... I'm not going to say exactly."

Look at ETH to start pumping higher relative to BTC, is what I think will happen. More news for ETH is pumpable. Look at 1-2 months ago with the corps who announced hiring Eth devs... boom went ETH in the market!

I don't think the bull run is over. If there is more a bear turn for the summer, the fall is where the madness will be. Watch out. Or it could all go to shit, what the fuck do I know :P

Posted Using LeoFinance ^Beta