Citadel CEO Admits He Was Wrong About Bitcoin

Billionaire Ken Griffin, CEO of Citadel, admits he was wrong about Bitcoin….we’re going to see a lot more of these to come…

Change of Heart: Ken Griffin Admits He Was Wrong About Bitcoin

“In a recent interview for Bloomberg, though, Citadel’s executive made a U-turn. He noted that crypto has been “one of the great stories in finance over the course of the last years” and that the current market capitalization of the asset class is almost $2 trillion. As such, Griffin admitted not being “right on this call.”

He further predicted that many businesses will open their arms to the cryptocurrency universe in the months to come. Despite still having doubts about the industry, though, Griffin said his company is looking for a way in:

“I still have my skepticism, but there are hundreds and millions of people in this world today who disagree with that. To the extent that we’re trying to help institutions and investors solve their portfolio allocation problems, we have to give serious consideration to being a market maker in crypto.”


Master Asked on March 2, 2022 in Bitcoin.
Add Comment