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Billionaire Carl Icahn Eyes Potential $1.5B Crypto Investment
The activist investor said cryptocurrency would endure but not necessarily all the current digital.
Updated Sep 14, 2021, 1:02 p.m. Published May 27, 2021, 7:31 a.m.
U.S. billionaire and one-time cryptocurrency skeptic Carl Icahn is contemplating a potential $1.5 billion investment in digital currencies.
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The activist investor said he's looking at investing in crypto in "a relatively big way," clarifying that "big" could mean "a billion dollars, billion-and-a-half."
Icahn shared his thoughts via an interview on Wednesday with Bloomberg on topics including investor activism, GameStop shares and digital assets.
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 cryptocurrency's potential.
"I'm looking at the whole business," said Icahn, referring to the crypto industry. "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 with it."
Icahn also said he believes crypto assets are "here to stay in one form or another," before being pressed on how much he would consider buying through his investing conglomerate, Icahn Enterprises.
See also: Hedge Fund Billionaire Ray Dalio Has Officially Bought Bitcoin
Icahn joins a number of billionaires who have reversed their negative opinion of cryptocurrency, including Mark Cuban, Michael Saylor and Howard Marks.
"I will say about cryptocurrencies ... I don't think there will be a lot of survivors out there trading today," Icahn said. "I think there's got to be some form of really feeling there's safety and value there."
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
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- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
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