Home
News
- The amount of time and attention spent on cryptocurrencies, according to hedge-fund billionaire Ken Griffin, is a jihadist call because some individuals don’t believe in the dollar
- he questioned the utility of cryptocurrencies, bemoaning the fact that younger investors prefer digital coins over equities of firms that generate economic growth
- The concern posed by Ken Griffin is very real with the current situation across the world, where the government of the US is trying their best to impose a whole load of regulations into the crypto industry and that has grabbed a significant amount of attention of the public as well as the leading bodies
The amount of time and attention spent on cryptocurrencies, according to hedge-fund billionaire Ken Griffin, is a jihadist call because some individuals don’t believe in the dollar. Similarly, due to the rising threats and malpractices being carried out in cryptocurrencies, several institutional investors try to keep their hands off it, but the rising discussions on crypto, its high rates of returns, etc., are really creating chaos all over the financial markets. Despite his displeasure with the resources devoted to digital assets, he stated that his company would trade cryptocurrencies if they were properly regulated, and he commended SEC’s Chair Gary Gensler for his increased monitoring of the digital assets.
Griffin, said in a talk with Bloomberg’s Erik Schatzker at the Economic Club of Chicago on Monday, that he wishes all the enthusiasm and energy that has gone into cryptocurrency could have been put into making the US stronger. He felt that it was really vague notion where the common people are trying to bring in and adapt to a newer tech-created asset into their lives, which are created by the younger generations and replace our old reserve currencies with that. Griffin, the founder of Citadel Securities and the hedge firm Citadel, has long been a crypto sceptic. In 2018, he questioned the utility of cryptocurrencies, bemoaning the fact that younger investors prefer digital coins over equities of firms that generate economic growth.
The concern posed by Ken Griffin is very real with the current situation across the world, where the government of the US is trying their best to impose a whole load of regulations into the crypto industry and that has grabbed a significant amount of attention of the public as well as the leading bodies. Just like Emmer had mentioned a few days back, that several confusing statements are being passed by the governing bodies, similarly, Griffin’s take on the situation is very much understandable. Where some people think that crypto is the face of the evolved earth and the key power to the upcoming generations, some seek it as a threat to their reserved and long used currencies.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
