Carl Icahn may invest more than $1 billion in cryptocurrencies, investor said in interview to Bloomberg. Icahn hinted at going a “big way” in crypto investments and has been researching opportunities in alternative currencies including Bitcoin and Ethereum.
Icahn’s endeavors come when alternative currencies are growing popular, with some investors seeing it as a hedge against inflation.
Icahn has termed criticisms against cryptocurrencies as “little wrong-headed.”
The activist investor believes individuals are exploring alternative currencies as equity markets run hot at “ridiculous prices.”
Major cryptocurrencies are currently mixed. BTCUSD is up 0.55%, ETHUSD is down 2.57%
