저자: KenGriffin · 외국인
요약 보기
켄 그리핀은 과거 암호화폐를 반대했으나 현재는 입장을 완화했다는 내용의 영상이다. 그리핀은 암호화폐를 달러에 대한 지하드식 도전이라 비판했고 튤립 버블에 비유한 적이 있다. 이후 암호화폐 시가총액이 약 2조 달러 규모로 커졌음을 인정하며 자신이 15년간 틀렸다고 말했다. 시타델 증권이 암호화폐 마켓메이커가 되는 것을 검토 중이며 규제 승인을 기다리고 있다는 내용이 나온다. 기관 투자자 포트폴리오 배분을 돕기 위한 목적이다. 테라·루나 사태는 규제 필요성을 보여준 경고로 언급되었고 스테이블코인 규제와 SEC의 명확한 기준이 필요하다고 주장했다. 워런 버핏, 찰리 멍거, 제이미 다이먼, 마크 큐반, 칼 아이칸, 하워드 막스 등 억만장자들의 과거 비판과 입장 변화도 함께 소개된다. 영상에 특정 자산의 1~3개월 가격 방향에 대한 명시적 예측은 없다.
다듬은 글
well i mean like look who doesn't have like some regret having not bought bitcoin back at a dollar you know, i i wish i'd known apple from when i was a child too, but i don't, so there's always, you know, all i know is that if i could replay history we would have done much better.
billionaire ken griffin: bitcoin will see a new ath after this happens. ken griffin has come a long way from being a skeptic and anti-cryptocurrency to giving analysis on bitcoin. welcome to bitcoin breaking news.
ken griffin, ceo of investment firm citadel and a prominent crypto detractor, seems to have softened his stance on digital currencies. previously, griffin characterized cryptocurrency as a jihadist call against the dollar. "i mean, let's face it, it's a jihadist call that we don't believe in the dollar." you can compare bitcoin to the tulip frenzy in november 2017, a situation in which the dutch tulips were the first speculative asset to skyrocket in price and then crash hard.
he criticized the devotion to cryptocurrency. "i wish all this passion and energy that went into crypto was directed toward making the united states stronger first and foremost." he said this in a conversation with bloomberg's eric schatzer on the economic club of chicago. "i mean, 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, which helps to make our standard of living a reality and accrues incredible benefits back to our country."
however, earlier this year he has since softened his stance on cryptocurrency. "so crypto has been one of the great stories in finance over the course of roughly the last 15 years. and i'll be clear, i've been in the naysayer camp over that 15-year period of time, but the crypto markets today have a market capitalization of about two trillion dollars in round numbers, which tells you that i haven't been right on this call over the course of the last 15 years."
cryptocurrencies have rapidly garnered mainstream attention in the last two years, with the total market cap hitting two trillion dollars in august 2021. several institutions have poured capital into crypto since the beginning of 2022. recent filings at the u.s. securities and exchange commission, or sec, have revealed that 160 firms ventured into crypto investments within the first two months of 2022. in the last quarter of 2021, the number of sec 13f filings was 60.
citadel securities is exploring becoming a market maker in cryptocurrencies, according to griffin, who told bloomberg that the firm is seeking to help institutions and investors handle portfolio allocation difficulties. griffin, who has a net worth of a little over 30 billion dollars, claimed that while he still has reservations about cryptocurrency, the growing number of proponents has prompted him to investigate the industry through citadel securities, the united states' largest market maker.
"i still have my skepticism," he said, "but there are hundreds of millions of people in this world today who disagree with that. and so, to the extent that we're trying to help institutions and investors solve their portfolio allocation problems, we have to give serious consideration to being a market maker in crypto. and i think it's fair to assume that over the months to come you will see us engage in making markets in cryptocurrencies."
kelly brennan, head of etf for citadel securities, said that the wall street trading firm was waiting for regulatory approval in order to launch such a product. this is a far cry from the person who told cnbc that he doesn't spend much time thinking about cryptocurrencies. the change of heart shows the 40 trillion dollar crypto market is here to stay.
when asked by bloomberg about his take on crypto, his first response was: "well, i mean, like, look who doesn't have like some regret having not bought bitcoin back at a dollar." "all right, so some of my colleagues are very excited about crypto, and they're excited about it for a litany of legitimate reasons. you'll see citadel securities start to make markets in cryptocurrencies. i think in doing so you'll see another very responsible participant in the market that creates liquidity."
he also highlighted the problem of cryptocurrency, citing the catastrophe of terra luna as a wake-up call to dc. "you think that the terra luna just catastrophe should be a wake-up call to dc to actually focus on thoughtful regulation, and in particular stablecoins, by virtue of its name, almost demands being appropriately regulated."
by changing his stance on crypto, ken griffin joins the list of billionaires who were formerly anti-cryptocurrency but later changed their stance in one way or another. legendary investor and chairman of berkshire hathaway warren buffett famously referred to crypto as rat poison and an unproductive asset that has no unique value at all. in 2018, buffett was confident that crypto would come to a bad ending. in an interview with cnbc, he said, "in terms of cryptocurrencies generally, i can say almost with certainty that they will come to a bad ending. now, when it happens or how or anything else, i don't know." but, in his own words, when he invested one billion dollars in a crypto-friendly new bank,
his longtime business partner and berkshire hathaway vice chairman charlie munger is also suspicious, referring to cryptocurrency such as bitcoin as a venereal disease and beneath contempt. "well, i certainly didn't invest in crypto. i'm proud of the fact i've avoided it. it's like, you know, some venereal disease or something. i just regarded it as beneath contempt," munger said during the publisher daily journal corp's annual meeting, where munger serves as chairman.
jamie dimon, ceo of jp morgan chase, shocked the crypto industry when he publicly dubbed bitcoin a fraud, causing the price to plummet by 20% in 2018. people questioned whether he really meant it, and some even accused him of market manipulation once reports broke that jp morgan traders were using offshore accounts to buy bitcoin. during the fall, despite the fact that his organization provides access to crypto money for its clients, dimon stated in a 2021 interview with cbs boston that he will protect people's ability to invest in cryptocurrency, though he will not do so himself. so while he does not own or trade one, his company does. however, it appears that he is still unbiased and steadfast in his opinions. "now, blockchain is real. we use it for certain things. parts of it are real. but when you say cryptocurrency has no intrinsic value, you're basically buying a token. why it has a lot of value, i don't know. and i think there's so much speculation taking place in stocks and securities and crypto and stuff like that. i'd be very careful, and i defend people's right to do it in the free country. i'm not going to do it."
mark cuban, a shark tank celebrity and billionaire, was likewise skeptical of cryptocurrency at one point. he never denied its mechanics, but he believed they were overly convoluted. in an email to forbes two years ago, he wrote that bitcoin is too difficult to use, too easy to hack, way too easy to lose, too hard to understand, and too hard to assess a value. he added that he'd rather have bananas. "i can eat bananas." since the introduction of nfts, it appears that cuban has had a change of heart. he admitted to owning a varied crypto portfolio during a recent speaking engagement at the north american bitcoin conference, saying that he got into crypto when he coined his first nft a year ago. "until this past year, probably about a year ago, when i admitted my first nft, that's when it really struck me, the value of smart contracts. and so, from there, being somebody who looks at technology and tries to find new ways to apply it, that's really what got me excited." now cuban refers to himself as a crypto evangelist, and he's a big believer in the concept.
carl icahn, a billionaire financier, was another crypto skeptic. he called cryptocurrencies ridiculous in 2018, but was humble enough to acknowledge that he probably felt that way because he didn't understand them, concerned about its regulation and scared to take the risk. he added that he wouldn't touch that stuff. just three years after these statements, icahn said that thinking cryptocurrency doesn't have any underlying value is "a little wrong-headed," as he deliberated a 1.5 billion dollar investment in crypto in may 2021.
howard marks, a well-known investor, previously declared that cryptocurrency was an unfounded fad, but now claims to have changed his mind, calling it a knee-jerk reaction without information. he's late to the party, but he's relieved that his son thankfully owns a meaningful amount of bitcoin. investors predict that more mainstream use will increase the bitcoin price by about 1,500% over the next decade, right? josh howarth.
the only thing that appears to have prevented these crypto skeptics from accepting digital currency is their conventional mindset and fear of the unknown. "i'd like to see thoughtful regulation. i'd like to see the sec really carve out their view on what is the security, what is in the security, the market. i think after all these years, the market deserves certainty in that dimension. and then, just as we have daily disclosures of the etf holdings, we should have periodic disclosure of what backs the stablecoins. it's better to be late than never, as the adage goes."
this brings us to the end of the video. thanks for watching. don't forget to like and subscribe, and click on the bell icon for notifications.
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