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The Founder Of Citadels Claims That They Will Trade Crypto If It Is Well Regulated
Summary: Ken Griffin, the founder of Citadel, one of the world's largest hedge funds, said in an interview with Bloomberg on Monday that Citadel does not trade cryptocurrencies because of the regulatory uncertainty surrounding crypto. If crypto is regulated, his company will trade cryptocurrencies. He said: "I really believe that [SEC] Chairperson Gensler is spot-on on ...
Ken Griffin, the founder of Citadel, one of the world's largest hedge funds, said in an interview with Bloomberg on Monday that Citadel does not trade cryptocurrencies because of the regulatory uncertainty surrounding crypto. If crypto is regulated, his company will trade cryptocurrencies.
He said: "I really believe that [SEC] Chairperson Gensler is spot-on on the need to have thoughtful regulation around cryptocurrency."
Griffin told CNBC in March that he could not see the "economic foundation" of cryptocurrency. He said: "I just don’t spend much time thinking about cryptocurrencies...don’t see the economic underpinning of cryptocurrencies. I understand how to value a stock — the net present value of earnings. I understand how to think about currency exchange rates around the world. I don’t know how to think about what is effectively a digital token."
By Mary Liu
Tags: Citadels,Cryptocurrency,Ken Griffin,Regulation,SEC
Link: The Founder Of Citadels Claims That They Will Trade Crypto If It Is Well Regulated [Copy]
