Li Lu says crypto will eventually disappear on its own
- —Li Lu spoke at Columbia's 36th Annual Graham & Dodd Event on Oct. 15, 2026
- —He argued crypto lacks "the enforcement mechanism of sovereign states"
- —Lu did not call for a ban, saying the asset class will disappear "on their own"
- —Lu founded Himalaya Capital in 1997 and follows a value-investing approach
Why it matters: The remarks drew no market reaction but give cautious institutions a rationale to stay on the sidelines of crypto.
Source: Crypto Briefing