After spending years ridiculing Bitcoin and cryptocurrency, Wall Street’s billionaire class is finally warming up to the idea of virtual assets powering the digital economy. This week, Citadel founder and billionaire Ken Griffin formally backtracked on his anti-crypto stance as he announced that his firm would begin offering digital assets to its clients. Of course, Griffin isn’t the only wealthy investor to have a change of heart, so we’re not going to bust his chops too much.
So, while crypto analysts continue to debate about whether we are in a bull or bear market, institutions, venture capitalists and ordinary people continue to adopt digital assets. As we see in Eastern Europe, trustless money like Bitcoin offers a unique value proposition in times of geopolitical uncertainty and conflict.