https://primexbt.com/?signup=565184
AnalysisBitcoin

The Confession of “Cryptocurrency” Coming Years After a US Business Person: The Comparison of Bitcoin and Ethereum Also Attracted Attention!

The US businessman, known for his criticism of Bitcoin many times in the past, admitted that he was wrong about cryptocurrencies.

The Confession of “Cryptocurrency” Coming Years After a US Business Person: The Comparison of Bitcoin and Ethereum Also Attracted Attention!

Kenneth Griffin, the founder of multinational financial services company Citadel, admitted that he was wrong about cryptocurrencies and announced that the company would soon be involved in the crypto money market.

Confession of “Cryptocurrency” from a US Businessperson

Known for his opposition to cryptocurrencies and various criticisms, Griffin stated that the company will enter the crypto money market. Kenneth Griffin, the founder of Citadel, said in a statement in 2017 that he had some concerns about cryptocurrencies, likening Bitcoin to the Tulip Bulb frenzy that occurred between 1636 and 1637.

However, in an interview with Bloomberg, Griffin admitted that he was wrong about cryptocurrencies, stating that he is still skeptical about some issues:

“For a long time I was advocating the opposite view. But today, on average, cryptocurrencies have a market cap of $2 trillion. This shows that the view we defend is not justified.”

Notable Bitcoin and Ethereum Comparison

Griffin, who has made various criticisms of Bitcoin many times in the past, expressed that he does not understand the basis of cryptocurrencies. However, US businessman Griffin admitted that he was wrong about cryptocurrencies years later, adding that the company would also be involved in the crypto money market and that they were working on various projects. In addition, Griffin claimed that Ethereum could replace Bitcoin in the long run due to wider environmental impacts.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

Leave a Reply

Your email address will not be published.

Back to top button

Enter your email address:

Delivered by FeedBurner