Citadel Founder Ken Griffin Blasts Bitcoin
Channel: Global events
Date: 2018-07-23

Hedge Fund Billionaire & Citadel Founder Ken Griffin Blasts Bitcoin
Back in December, when bitcoin surpassed the $1,000 mark, Griffin said the coin fever was a bubble. Unlike many other voices, he believed bitcoin was not a fraud but the bubble would eventually end. At the time, Griffin admitted blockchain technology would eventually have a profound impact in the future world order.

Since then, his opinion seemingly remains the same. Interviewed by business journalist Andrew Ross Sorkin, Griffin let out his true thoughts on cryptocurrencies at Pierre Hotel’s ballroom in New York.

Sorkin teased Griffin, asking him what was he saying to his portfolio managers who wanted to invest in cryptocurrencies. Griffin didn’t hesitate, saying, “I don’t have a single portfolio manager who has told me we should buy crypto. Not a single portfolio manager.”

Surprisingly, the billionaire confessed he has wondered if his company should make markets in cryptocurrencies. However, in the end, he wasn’t able to put money in it, as he says cryptocurrencies are not a product he believes in.