Sunday, May 31, 2026

Bitcoin will be replaced by an ETH-based cryptocurrency: Ken Griffin


Citadel’s Ken Griffin once stated that Bitcoin, the most popular cryptocurrency in the world, will be overturned by a new era cryptocurrency based on Ethereum. Blockchain In the future.

in a interview Together with Andrew Ross Sorkin of the New York Times Dealbook, Griffin pointed out that encryption based on the Ethereum blockchain has faster transaction speeds per second, smaller energy footprint, and lower transaction costs.

However, a Digital dollarHe believes that this may disrupt the entire encryption field, and pointed out that China’s work on digital renminbi is a potential example.

“I think we are all trying to understand, if we want to enter this world of decentralized finance and want a low-cost and effective payment system, will it be solved by the crypto community? Or will it be solved? Through digital dollars? Asked Griffin.

The CEO of Citadel is still skeptical of crypto. He stated that the only way to value cryptocurrencies is to hope that they can be sold at higher prices in the future.

In short, Griffin pointed out that for cryptocurrency to become truly powerful, many issues still need to be solved, including things like what happens when a consumer’s crypto wallet is stolen, how Bitcoin will overcome environmental challenges, and what is “reliable” And other issues.Business Use Cases” Blockchain Technology, Griffin Said.

Recall that some retail investors view Griffin as one of the key members of the conspiracy between Citadel, Robinhood, and memetic stocks such as GameStop and AMC Entertainment.this conspiracy It is claimed that Citadel forced online brokers to restrict investors’ ability to buy meme stock during an epic short squeeze earlier this year.

In this regard, Griffin said that the conspiracy is “a bad comedy joke legend, like a’Saturday Night Live’ real-time joke.”




Photo: AFP/Oyama Takasi





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