Ken Griffin, CEO of Citadel, to cryptocurrencies announced that he had changed his negative attitude towards
The famous CEO admitted that he was wrong about crypto technology in an interview with Bloomberg.
“I Was Wrong About Cryptocurrencies”
Ken Griffin, who has a total assets of $25.6 billion, said he was wrong in his previous statements after seeing that the cryptocurrency industry is worth trillions of dollars:
“When we think that the total market cap of the crypto market has risen to around $2 trillion today, I realized that I was wrong in my previous statements.”
Griffin also signaled that Citadel may be preparing to enter the cryptocurrency world in the near future:
“It would be fair to assume that you will see us as market makers in the crypto market in the coming months.”
The Wall Street giant is indeed seriously considering becoming a market maker in the crypto market, according to the CEO’s statements.
Famous CEO Reveals He Doesn’t Understand Crypto Technology
Despite all these statements, Griffin still maintains a somewhat skeptical attitude towards crypto.
In his February statement, Griffin said, bitcoin and said he did not understand the economic basis underlying cryptocurrencies. The famous billionaire expressed his thoughts as follows:
I cannot understand the economic basis that cryptocurrencies have. I understand how a stock is valued, with the current net worth of its earnings. I also understand how to think about exchange rates around the world, but not cryptos.
In November, Griffin outraged the crypto community by outbidding crypto fans’ bids at an auction for a rare copy of the US constitution.
*Not investment advice.