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(Kitco News) - Ken Griffin, the founder of Miami-based trading firm Citadel Securities, pulled no punches in a recent conversion with CNBC when he suggested that people moving away from the “speculative bubble” that is crypto, nonfungible tokens (NFTs), and meme stocks is a positive sign for the U.S. economy.
The response emerged from a discussion surrounding the government handouts in 2020 as a response to the COVID-19 lockdown, which resulted in investors pumping their newly found cash into these “speculative assets.”
All three of the aforementioned asset classes experienced blow-out performances at some point in 2021 as traders frantically attempted to acquire them amid rapidly appreciating prices, only to see their values plummet in 2022 amid a wider economic downturn.
Now that the bubbles have...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...