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.

See also: BNY Mellon Announces Crypto Custody and Spies Integrated Services

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