One millionaire says cryptocurrencies could boom due to the economic fallout from the Russia-Ukraine conflict

Billionaire investor David Rubinstein recently appeared on "Like Best Investments" where he examined the aftermath of Russia's invasion of Ukraine. Rubinstein argued that the conflict has put inflationary pressure on the post-epidemic economies being repaired in Europe and the United States, leading people to turn to cryptocurrencies.

In the podcast, he said.

"I was skeptical of crypto at first because I didn't think there was any basis for it. But now it's clear to me that many young people don't see much potential value in dollars, euros or other currencies, so they think that I can't really trade my dollars for gold anymore."

David goes on to explain.

"So maybe the government's commitment to make it valuable when you've borrowed so much money and you're inflating the value of the currency may not be a problem."