U.S. billionaire and one-time cryptocurrency skeptic Carl Icahn is contemplating a potential $1.5 billion investment in digital currencies.
The activist investor said heâs looking at investing in crypto in âa relatively big way,â clarifying that âbigâ could mean âa billion dollars, billion-and-a-half.â
Icahn, shared his thoughts via an interview on Wednesday with Bloomberg on topics ranging from investor activism, GameStop shares and digital assets.Â
Once likening cryptocurrency to the 18th century Mississippi land bubble that led to the collapse of stock markets in Europe, Icahn now appears intrigued by cryptocurrencyâs potential.
âIâm looking at the whole business,â said Icahn, referring to the crypto industry. âIâm not looking at what to buy necessarily at this time. Iâm just looking at the whole business, and how I might get involved with it.â
Icahn also said he believed crypto assets were âhere to stay in one form or anotherâ before being pressed on how much he would consider buying through his investing conglomerate, Icahn Enterprises.
Icahn joins a number of billionaires who have reversed their negative opinion of cryptocurrency, including Mark Cuban, Michael Saylor and Howard Marks.
âI will say about cryptocurrencies ⦠I donât think there will be a lot of survivors out there trading today,â Icahn said. âI think thereâs got to be some form of really feeling thereâs safety and value there.â
See also: Hedge Fund Billionaire Ray Dalio Has Officially Bought Bitcoin