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Billionaire admits he was wrong about Bitcoin as Citadel looks to crypto markets

American multinational hedge fund and financial services company Citadel is poised to enter cryptocurrency markets this year. Speaking on Bloomberg Wealth with David Rubenstein, Citadel founder Ken Griffin commented on the current state of markets in light of recent geopolitical conflicts stating that they are at a “very volatile inflection point.” When the interview turned to digital assets, Griffin who has previously warned the younger generation away from them and said “there’s no need for cryptocurrencies,” revealed that the firm would be engaging in crypto asset markets this year. “It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.” Its quite the turnaround from November 2017, when Griffin said: “Bitcoin right now has many o...