Ken Griffin says Bitcoin will be replaced by Ethereum-based currency
Billionaire CEO of American hedge fund Citadel Kenneth Griffin thinks a currency on the Ethereum (ETH) network will replace Bitcoin (BTC) as crypto’s top dog. Citadel manages over $40 billion of capital — a quarter of the trading volume in the US stock market.
During this Wednesday’s Nov. 10 DealBook summit hosted by The New York Times, Griffith said that he anticipates that the “Bitcoin-based conception [will be] replaced by the Ethereum-based conception in the next generation of cryptocurrencies.”
He added that Ethereum-based cryptocurrencies have “the benefits of higher transaction speeds [and] lower cost per transaction.”
Ethereum is only slightly faster than Bitcoin at present, but will significantly scale up transaction speeds and lower
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