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.
- Griffin was also quizzed by Sorkin about Citadel's role in the recent GameStop trading frenzy, for which he and others were called in front of Congress last week.