Citadel Plans to Start Making Markets in Crypto in Coming Months, CEO Ken Griffin Says – Featured Bitcoin News - BitcoinEthereumNews.com
Citadel CEO Ken Griffin, a bitcoin skeptic, admits he has not been right on his crypto call. He now says: “Its fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.”n Citadel Getting Into Crypto The CEO and founder of financial services firm Citadel, billionaire Ken Griffin, talked about cryptocurrency and his companys decision to enter the space in an interview with David Rubenstein on Bloomberg Thursday. The billionaire executive has long been a bitcoin skeptic. He previously described the rush to embrace cryptocurrencies as a “jihadist call” against the U.S. dollar. In 2017, he told CNBC that bitcoin has “many of the elements of the tulip bulb mania.” He also said: “I get very worried that people that are buying bitcoins don‘t really understand what they’re participating in.” Griffin made headlines in November last year when he bought a rare copy of the U.S. Constitution at a Sothebys auction for $43.2 million, beating out ConstitutionDAO. He was asked whether Citadel has plans to trade or make markets in crypto. “To the extent that were trying to help institutions and investors solve their portfolio allocation problems, we have to give serious consideration to being a market