Billionaire Ken Griffin slams crypto as ‘jihadist call’ against the greenback
Published at : October 09, 2021
Hedge fund billionaire Ken Griffin and former U.S. President Donald Trump have both slammed digital currencies as a threat to the U.S. dollar.
Griffin, the founder of the $38 billion hedge fund Citadel LLC, told the Economic Club of Chicago on Oct. 4, that crypto is 'a jihadist call that we don't believe in the dollar.' He expressed his dismay over the younger generation working on dollar alternatives in the crypto sector:
'What a crazy concept this is, that we as a country embrace so many bright, young, talented people to come up with a replacement for our reserve currency.'
'I wish all this passion and energy that went to crypto was directed towards making the United States stronger,' he added.
Griffin however doesn't not seem opposed to making money out of crypto in the future. He said that Citadel is yet to follow the plunge of other hedge funds and traditional financial institutions into crypto because of the “lack of regulatory certainty.”
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Griffin, the founder of the $38 billion hedge fund Citadel LLC, told the Economic Club of Chicago on Oct. 4, that crypto is 'a jihadist call that we don't believe in the dollar.' He expressed his dismay over the younger generation working on dollar alternatives in the crypto sector:
'What a crazy concept this is, that we as a country embrace so many bright, young, talented people to come up with a replacement for our reserve currency.'
'I wish all this passion and energy that went to crypto was directed towards making the United States stronger,' he added.
Griffin however doesn't not seem opposed to making money out of crypto in the future. He said that Citadel is yet to follow the plunge of other hedge funds and traditional financial institutions into crypto because of the “lack of regulatory certainty.”
#shorts #cryptocurrency
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