Ken Griffin, the CEO of American hedge fund and financial services provider Citadel announced that the company is considering entering the crypto market and offering clients digital assets services this year. In a recent interview, he said that the growth of the crypto sector proved that his previous opinion wasn't completely right.
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Previously, Griffin advised the younger generation to stay away from digital assets saying there is no need for them. In 2017, Griffin compared Bitcoin to the tulip mania, saying it's a bubble that was going to end in tears.
Griffin mentioned that crypto has been one of the great stories in finance in the previous 15 years. Talking about his previous views on crypto, Citadel CEO said that the market's being above $2 T tells that he hasn't been right on his call.
He also said that he was still skeptical but now millions of people would disagree with him. Griffin said that the company was trying to help institutions and investors to solve portfolio allocation problems.