Citadel CEO Ken Griffin Says He 'Doesn’t Know How to Think' About Bitcoin
Speaking to Andrew Ross Sorkin of CNBC on Friday, the billionaire investor said he does not see "the economic underpinning of cryptocurrencies" and does not spend any time thinking about them.
Feb 22, 2021 at 4:37 p.m. UTCUpdated Aug 19, 2021 at 7:25 a.m. UTC
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Ken Griffin, founder and CEO of multinational hedge fund manager Citadel, is yet to be convinced by bitcoin, describing it as "effectively a digital token."
- Speaking to Andrew Ross Sorkin on CNBC Friday, the billionaire investor said he does not see "the economic underpinning of cryptocurrencies" and does not spend any time thinking about them.
- "I understand how to value a stock, I understand how to think about currency exchange rates around the world," Griffin said.
- "I don't know how to think about what is effectively a digital token."
- The Citadel founder's comments come at a time when the mood music on Wall Street suggests distinctly warming sentiment toward crypto.
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