Billionaire Investor Says No One Wants to Buy Bitcoin

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Ken Griffin, a billionaire hedge fund manager at Citadel, has said that not a single portfolio manager he knows is interested in the crypto market. Essentially, Griffin has emphasized Citadel, one of the world’s largest alternative asset managers, will not operate as a liquidity provider for bitcoin because he personally does not believe in the dominant cryptocurrency. While Griffin was unspecific regarding which qualities of bitcoin and cryptocurrencies, in general, he does not approve of, it is most likely its decentralized nature and the lack of backing from centralized institutions.

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