Once in a while, it is nice to be told what we already know.  Getting an affirmation from someone who is extremely successful tells us we are on the right path.

This is the situation with [cryptocurrency](https://leofinance.io/@leoglossary/cryptocurrency).  

Years back, for many, it was John McAfee.  While he was a bit of a character, he was the founder of one of the largest [data](https://leofinance.io/@leoglossary/leoglossary-data) security companies.  Everyone knew his name.  

And despite his near unlimited quirks, he was a proponent of cryptocurrency along with the tenets it represented.

Since John's passing, the industry hasn't really had a single spokesman like him.  Of course, the growth has made it unnecessary.  Today, we have people from many walks of life touting cryptocurrency.

Not surprisingly, a lot of them come with a [Wall Street](https://leofinance.io/@leoglossary/leoglossary-wall-street) background.

![image.png](https://images.hive.blog/DQmYxv2ePfcqWUACYgVEeiR3qfUifDQ9ChMxPWqSFkU5CPv/image.png)

## Billionaires Believe In Cryptocurrency

There are a growing number of billionaires who believe in cryptocurrency.  While many talk it down, such as Warren Buffett, others seem to understand it, at least to some degree.

David Rubenstein is one of those billionaires.

In an interview with Ken Griffin, CEO of Citadel, he stated how cryptocurrency is not going away.

This is an affirmation that comes from the heads of one of the largest [private equity](https://leofinance.io/@leoglossary/leoglossary-private-equity) groups.  It is his business to forecast what is going to succeed.

One thing we have to keep in mind is that he isn't saying this because of the value system that cryptocurrency bring.  In fact, he looks at it akin to gambling.  Yet, even from that perspective, he understands human nature.  Naturally, many of us take our understanding to a different level but this is where he comes from.

>“Well, if you go to Las Vegas and you gamble because you like gambling, it just gives you pleasure the way other things give you pleasure. Playing golf might give you pleasure. If you get pleasure out of it, you allocate a certain amount of your net worth and say ‘I am going to take one or two percent of my net worth, I am going to lose it in Las Vegas’.

>“And if you win the first day and you win the second day, you think you’re really a genius and you’re going to win money, but eventually you’re going to lose. So, if it gives you pleasure to do the gambling, allocate enough money that you can afford to lose. So, with crypto that was my view for some time. If you get pleasure by watching the screens all day and saying you’ve just made a lot of money in crypto and so forth, allocated enough so if you lose it it’s not the end of the earth.

<center>[Source](https://www.cryptoglobe.com/latest/2022/10/billionaire-david-rubenstein-crypto-is-not-going-to-go-away/)</center>

It is important to note this is how these people think. When it comes to an [alternative investment](https://leofinance.io/@leoglossary/leoglossary-alternative-assets), they frame it in terms of a portion of the portfolio.  In this instance, Rubenstein can see people putting 1%-2% of their holdings into it.  After all, they will put that into the slot machines and on the craps table in Vegas.

## Alternative To Mainstream

Cryptocurrency could be classified as an alternative investment now.  However, if we see [blockchain](https://leofinance.io/@leoglossary/blockchain) keep advancing, we are going to get to the point where it is mainstream.

We are already seeing major corporations showing an interest in different aspects of the industry.  This is going to continue as things evolve.  As long as we keep building out [decentralized](https://leofinance.io/@leoglossary/leoglossary-decentralization) [infrastructure](https://leofinance.io/@leoglossary/leoglossary-infrastructure-computer), the potential of Wall Street or Fortune 1000 firms taking over is wiped out.  The door will always be open for [applications](https://leofinance.io/@leoglossary/leoglossary-application) to tap into where the masses truly are.

A couple hundred million people can really make a difference.  While [government](https://leofinance.io/@leoglossary/leoglossary-government) try to use scare tactics, there are a dedicated group who are committed to bring decentralized platforms to the forefront.  From there, we can see second and third layers built that will engage the users in ways they cannot with the corporate world.

There will come a time when the parallel to the [Internet](https://leofinance.io/@leoglossary/leoglossary-internet) is realized.  Just like other innovations, the losers will be clear in hindsight.  With cryptocurrency, the potential targets are varied and wide. 

For this reason, the foundation we are laying today is going to surprise even the likes of Rubenstein.  Cryptocurrency will likely be more than just a gamble to people who like to look at screens.  It is going to penetrate most aspect of human activity.

Cryptocurrency is the [incentivization](https://leofinance.io/@leoglossary/leoglossary-incentivize) mechanism the world is lacking.

*Image from article linked*
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