The Carlyle Group co-founder and author of 'How to Invest' David Rubenstein analyzes the cryptocurrency space following the catastrophic collapse of FTX.
AVA Labs President John Wu weighs in on the widespread impact of the FTX fallout and how that will impact the largely mistrusted crypto markets on ‘Cavuto: Coast to Coast.’
Host Maria Bartiromo inquired about potential contagion issue erupting within the crypto industry, to which Rubenstein replied, "We should be worried." However, he added, crypto is "not going to go away."FTX has all the problems it has and other companies have problems, it's not going to go away overnight. It's just not going to," Rubenstein said. "People around the world would say, well, I don't want my assets taken away if my country invades Taiwan, for example. So, some wealthy Chinese people might say, I want to have some things in assets that nobody can know I have, and then nobody can take them away.
UKRAINE - 2022/01/31: In this photo illustration, the logo of FTX, a cryptocurrency exchange is displayed on a smartphone screen. "I don't think it's going to go away completely," Rubenstein continued. "But clearly it's been damaged a great deal and a lot of people are going to be suffering from this."
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