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Billionaire Ken Griffin takes back comments on Bitcoin, reveals Citadel’s crypto plans

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  • Global alternative investment firm Citadel has plans to engage in crypto asset markets in 2022. 
  • Citadel founder Ken Griffin has turned around his anti-crypto stance, taking back his criticism of Bitcoin. 
  • US Securities & Exchange Commission filings have revealed a rising inflow of capital from institutional investors to crypto in 2022. 
  • Bitcoin price has posted double-digit gains amidst the marketwide recovery of cryptocurrencies over the past week. 

Ken Griffin, founder of investment firm Citadel, took back his comments on Bitcoin being tulip mania. Griffin has changed his outlook on Bitcoin and cryptocurrencies and revealed Citadel’s plans to invest in digital assets. 

Institutional investors pour capital into crypto in 2022

Citadel is a leading alternative investment firm led by billionaire Ken Griffin. Griffin had warned investors and recommended that they stay away from cryptocurrencies. 

In November 2017, Griffin said, 

Bitcoin right now has many of the elements of the tulip bulb mania we saw back hundreds of years ago in Holland….

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