Ken Griffin, the CEO and founder of financial services business Citadel, indicated the company’s intentions to enter the cryptocurrency market.
The billionaire businessman has long been a sceptic of bitcoin. He had previously referred to the rush to accept cryptocurrency as a “jihadist call” against the dollar. He told CNBC in 2017 that bitcoin has “many of the components of the tulip bulb bubble.”
Griffin made news last November when he paid $43.2 million for a rare copy of the United States Constitution at a Sotheby’s auction, beating out Constitution DAO.
Citadel, which was founded in 1990, has two main operations. The first is Citadel, which is one of the world’s largest hedge funds, with over $38 billion in assets under management. Citadel Securities, on the other hand, is a significant market maker in stocks, options, and interest rate swaps for both individual and institutional clients. The business conducts 40% of all stock dealings in the United States.
What do you think about the company’s vision of entering the cryptocurrency space? Comment below.
