Billionaire Ken Griffin describes crypto as ‘jihadist call’

Ken Griffin showed his hate stance on crypto and called crypto as a “Jihadist Call” amid the pump in the crypto market.

There are many big billionaires in this world and everyone has their own point of view and stances over crypto. Few of them support crypto with high intensity, while there are many Billionaires, which are not supporting Bitcoin and crypto and they believe that gold and real-estate are only better ways of Investment. In the latest, Ken Griffin released his statement on crypto.

Ken Griffin founder of hedge fund Citadel LLC. Right now, Citadel fund manager firm manages $38 billion funds. Griffin talked about the crypto in an Economic Club of Chicago on Tuesday. 

Griffin beilives that crypto is threat to the dollar and described crypto as a ” jihadist call that we don’t believe in the dollar”. Griffin shared his stance on the younger generation, which are working with the crypto assets as an alternative of US dollar and added

“What a crazy concept this is, that we as a country embrace so many bright, young, talented people to come up with a replacement for our reserve currency.”

And Further, he said that people should use their energy in powering the United States. So he tried to say that people should leave crypto and choose dollars for their business work instead of crypto assets based business.

However, here we should not think that Griffin opposes crypto based business revenue. Because before this Citadel firm asserted that they want to go through the crypto related products for their clients but they are lagging Because of the uncertainty in the rules over crypto. So Citadel firm is waiting for a better Clarity on the crypto by the regulators.

Read also: Central Bank of Uruguay release roadmap to Crypto Regulation