Citadel Kenneth Griffin, Billionaire CEO of American Hedge Funds Ethereum (ETH) network currency is thought to replace Bitcoin (BTC).
On Wednesday, November 10, at thesummit DealBook, organized by The New York Times, Griffith said he expected “Bitcoin-Based Concepts [จะถูก] Replace it with an Ethereum-based concept in the next generation of cryptocurrency.”
He also added that Ethereum-based cryptocurrencies have “the benefit of higher transaction speeds. [และ] lower cost per transaction.”
Ethereum is only slightly faster than Bitcoin today. But it will greatly increase the speed of transactions and reduce costs when fully deployed with Eth 2.0.
Griffin has long been a crypto skeptic. Especially with Bitcoin, which he claims. “It doesn’t have a commercial use case.”
Although he noted that The crypto and blockchain technology that is based on it is “Really interesting technology” and “It’s an effective way to treat decentralized ledger around the world.” “For most problems It’s not really the solution we need.”
“People are interested in a new world of ideas. and a lot of new creations,” he said. “I worry that some of the passion is lost when it comes to crypto.”
During the meeting, he cited “a number of issues that crypto hasn’t been addressed,” including the risk of fraud. high cost and energy use
“Bitcoin is incredibly expensive to handle payments,” he said, currently costing about $4.1 per transaction. whichfeemake a transactionCommon credit cards range from 1.4% and 3.5%. Popular networks such as Mastercard, Visa and American Express charge around 0.5% fees for debit cards.
In terms of sustainability, Griffith claims that Bitcoin is a “more contributor to global warming than any form of payment we use worldwide today.”
When asked if he was worried he might have missed the crypto train, he said, “I think the train is still in the station in some way… And I think it’s still in the very early stages.”