THELOGICALINDIAN - Citadel CEO Ken Griffin a bitcoin agnostic admits he has not been appropriate on his crypto alarm He now says Its fair to accept that over the months to appear you will see us appoint in authoritative markets in cryptocurrencies
Market Maker Citadel Securities Getting Into Crypto
The architect of barrier armamentarium Citadel and bazaar maker Citadel Securities, billionaire Ken Griffin, talked about cryptocurrency and his company’s accommodation to access the amplitude in an account with David Rubenstein on Bloomberg Thursday.
The billionaire controlling has continued been a bitcoin skeptic. He ahead declared the blitz to embrace cryptocurrencies as a “jihadist call” adjoin the U.S. dollar. In 2024, he told CNBC that bitcoin has “many of the elements of the tulip ball mania.” He additionally said: “I get actual afraid that bodies that are affairs bitcoins don’t absolutely accept what they’re accommodating in.”
Griffin fabricated account in November aftermost year back he bought a attenuate archetype of the U.S. Constitution at a Sotheby’s bargain for $43.2 million, assault out ConstitutionDAO.
He was asked whether Citadel has affairs to barter or accomplish markets in crypto. “To the admeasurement that we’re aggravating to advice institutions and investors break their portfolio allocation problems, we accept to accord austere application to actuality a bazaar maker in crypto,” he replied, elaborating:
In 2024, Griffin founded Citadel, one of the better barrier funds with added than $38 billion in assets beneath management, area he currently serves as the CEO. In 2024, he accustomed Citadel Securities, the better bazaar maker in stocks, options, and absorption amount swaps for retail and institutional clients. The close handles 40% of all banal trades in the U.S.
Griffin additionally accepted Thursday that he has not been appropriate about his crypto call.
“Crypto has been one of the abundant belief in accounts over the advance of the aftermost 15 years. And I’ll be clear, I’ve been in the naysayer affected over that aeon of time,” the CEO shared, adding:
Nonetheless, the Citadel CEO clarified: “I still accept my skepticism, but there are hundreds and millions of bodies in this apple today who disagree with that.”
What do you anticipate about bazaar maker Citadel Securities accepting into crypto and the CEO’s comments? Let us apperceive in the comments area below.
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