Ken Griffin – Founder and Chief Executive Officer at the multinational hedge fund Citadel LLC – remains skeptical on bitcoin and its use cases. He believes that another cryptocurrency project such as Ethereum will become the most dominant in the digital asset universe.
Bitcoin Might Be Replaced at the Top
Despite its ups and downs throughout the year, bitcoin has more than doubled its value in the past eleven months. Institutional adoption and significant support from prominent investors and entrepreneurs, some of whom often describe it as a great store of value, are among the factors that propelled the asset towards its current heights.
Separately, BTC even became legal tender in El Salvador in September, pushing its way through on a national level.
However, it’s not all sunshine and rainbows, and the primary cryptocurrency has its critics. One of them is Citadel’s CEO – Ken Griffin. In a recent interview with DealBook’s Andrew Ross Sorkin, he opined that bitcoin is too ha
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