Citadel founder turned his attention to cryptocurrency markets
Ken Griffin believes that Ethereum-based assets will eventually replace Bitcoin
02.03.2022 - 12:35
201
1 min
0
What’s new? Citadel, a US multinational hedge fund and financial services firm, intends to enter the cryptocurrency markets this year. Citadel founder Ken Griffin spoke on Bloomberg Wealth and commented on the current state of the markets. He stated that in light of recent geopolitical conflicts, they are at a “very volatile inflection point.”
What is Griffin’s position? When the interview turned to digital assets, Griffin, who has previously warned the younger generation against them, said that the company will participate in the crypto-asset markets this year.
Back in November 2021, Griffin was skeptical about cryptocurrencies. However, the billionaire investor did state that Ethereum-based assets will eventually replace Bitcoin, which has a greater impact on the environment. He added:
“It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies. And I’ll be clear, I’ve been in the naysayer camp over that period of time. But the crypto market today has a market capitalization of about $2 trillion in round numbers, which tells you that I haven’t been right on this call.”
Useful material?
Market
Users who have experienced withdrawal problems in the last two days will be eligible to participate
Mar 28, 2024
Market
Last July, a criminal investigation into the exchange was opened by the US authorities
Mar 27, 2024
Market
The unrealized profit from the deal was $8,9 million
Mar 26, 2024
Incidents
The phasing out began on March 25
Mar 25, 2024
Crypto regulations
The new measures must go through additional stages of approval
Mar 25, 2024
Incidents
The popularity of this kind of project launch format has already led to blockchain overload
Mar 20, 2024