Ken Griffin, the founder and CEO of the American multinational hedge fund Citadel LLC, made important statements about Bitcoin and cryptocurrencies at The New York Times’ DealBook conference.
Griffin, CEO of the company, which has more than $39 billion in assets under his management, He believes that cryptocurrencies based on superior blockchain technology such as Ethereum will replace Bitcoin in the coming years. expressed.
Saying that Bitcoin is very harmful to the environment, Griffin argued that Bitcoin is not suitable for commercial use because the transaction fees in Bitcoin are high and it is open to fraudulent activities.
Despite his negative thoughts about Bitcoin, he said about the blockchain technology that cryptocurrencies are based on, “It’s really interesting technology. A powerful way to maintain a worldwide decentralized ledger.” said.
Referring to the high inflation and the economic crisis, Griffin stated that he was worried that cryptocurrencies could solve these problems and that the digital dollar to be issued could be more useful.
Citing China’s digital yuan work as an example, he added that the developments are still at a very early stage.
Ken Griffin said that although he thinks that Bitcoin and cryptocurrencies have no value, if there is regulatory clarity in this area, the company can offer crypto services to its customers.
“We do not trade crypto due to regulatory uncertainty. It will be a much more competitive market when there is regulatory clarity. It would be great if that happened and I would trade too. Because it would meet the needs of our brokerage partners who wanted to have a first-class company that made a price.”