3 years ago
Citadel CEO Ken Griffin, a bitcoin skeptic, admits helium has not been close connected his crypto call. He present says: “It’s just to presume that implicit the months to come, you volition spot america prosecute successful making markets successful cryptocurrencies.”
Citadel Getting Into Crypto
The CEO and laminitis of fiscal services steadfast Citadel, billionaire Ken Griffin, talked astir cryptocurrency and his company’s determination to participate the abstraction successful an interrogation with David Rubenstein connected Bloomberg Thursday.
The billionaire enforcement has agelong been a bitcoin skeptic. He antecedently described the unreserved to clasp cryptocurrencies arsenic a “jihadist call” against the U.S. dollar. In 2017, helium told CNBC that bitcoin has “many of the elements of the tulip bulb mania.” He besides said: “I get precise disquieted that radical that are buying bitcoins don’t truly recognize what they’re participating in.”
Griffin made headlines successful November past twelvemonth erstwhile helium bought a uncommon transcript of the U.S. Constitution astatine a Sotheby’s auction for $43.2 million, beating retired ConstitutionDAO.
He was asked whether Citadel has plans to commercialized oregon marque markets successful crypto. “To the grade that we’re trying to assistance institutions and investors lick their portfolio allocation problems, we person to springiness superior information to being a marketplace shaper successful crypto,” helium replied, elaborating:
It’s just to presume that implicit the months to come, you volition spot america prosecute successful making markets successful cryptocurrencies.
Founded successful 1990, Citadel operates 2 superior businesses. The archetypal is Citadel, 1 of the largest hedge funds with much than $38 cardinal successful assets nether management. The different is Citadel Securities, the largest marketplace shaper successful stocks, options, and involvement complaint swaps for retail and organization clients. The steadfast handles 40% of each banal trades successful the U.S.
Griffin besides admitted Thursday that helium has not been close astir his crypto call.
“Crypto has been 1 of the large stories successful concern implicit the people of the past 15 years. And I’ll beryllium clear, I’ve been successful the naysayer campy implicit that play of time,” the CEO shared, adding:
But the crypto marketplace contiguous has a marketplace capitalization of astir $2 trillion successful circular numbers, which tells you that I haven’t been close connected this call.
Nonetheless, the Citadel CEO clarified: “I inactive person my skepticism, but determination are hundreds and millions of radical successful this satellite contiguous who disagree with that.”
What bash you deliberation astir Citadel getting into crypto and the CEO’s comments? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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