Mubadala Investment Company CEO Khaldoon al-Mubarak has expressed a crypto-friendly tone, calling the technology “real.”
The firm has placed an unspecified portion of its funds in blockchain tech and energy use.
Khaldoon al-Mubarak, CEO of Abu Dhabi-based state-owned fund Mubadala Investment Capital (“Mubadala”), has expressed his support and positive attitude towards the crypto industry.
Speaking in a recent interview with CNBC, the Mubadala boss who is also chairman of Manchester City Football Club, distanced himself from crypto critics. He called the technology “real” and pointed out the industry’s rapid growth from $250 billion to a $3 trillion valuation in just a couple of years.
Many people are skeptics. I do not fall in that category. I see this as real.
Mubadala, which is linked to Abu Dhabi’s crown prince Mohamed bin Zayed, manages a global portfolio of assets worth $243 billion as of Nov. 18, 2021. al-Mubarak claims the firm has invested part of this fund i
