Check this out hedge fund, billionaire ken griffin, admits he's changed his mind about crypto and says citadel might soon be involved in digital assets. Now i can promise you one thing. I can promise you one thing with absolute certainty, and i can i i know how confident i am in this based on history. History repeats itself.

If this man, its citadel, gets involved in cryptocurrency, it will not benefit you. It will absolutely hurt you. It will not help and let me tell you exactly why here is an example, prime for the making. It is no secret that kenny g and citadel love themselves uh.

They love themselves some payment for order flow. Some p5 sec can't afford coffee dude anthony that ties in exactly to what i'm about to talk about it's interesting, stuff, interesting, stuff, uh, so check this out citadel. Don't quote me on the year, but i know it was in the 2000s. I believe that it was 2004.

citadel came out and said we don't like payment for order flow, there's an obvious conflict of interest here. We believe that this should be outlawed. We believe that uh, you know this having been pioneered so to speak by bernie madoff. Who is very obviously one of the greatest ponzi schemes successors of of all time.

He ran a multi-hundred, slash billion dollar ponzi scheme across the united states uh. He pioneered this garbage. They didn't like it. Well all of a sudden in the future.

Citadel today loves p5. They love it. Why well, because they figured out, they can make money using it right. So, if citadel transitioned from here to here, no p5, don't do it, don't do it! It's so bad pay for water blows.

It's terrible, you're, gon na think about retail, think about them, think about them and all of a sudden. Now they love them. Well, i'm just watching this happen all over again. This is now let's look at crypto crypto before nah citadel wasn't about it.

They weren't about it, did not like it and personally, i don't even think they're telling the truth when they say they're not in it. I personally think that they have dabbled already citadel likely already dabbled and that's why they're leading into where we are now already dabbled, which brings me back to this article right and in this article they state uh, may have been wrong, might dabble might get in now. I wonder why i wonder why they flip so heavy like this: it's probably because they realize how much liquidity they have and how much they can move individual uh cryptocurrencies within that market. Now, let's just dive into this uh this article for a brief second right check.

This out citadel founder ken griffin admitted to softening his stance on cryptocurrencies. I haven't been right on this call over the last 15 years. He told bloomberg. He was also wrong about payment for order flow apparently 15 years ago.

But what do i know i don't know? Maybe i just don't understand trend. Maybe i don't understand history. It could be it's possible. It's very possible cereal.

The largest us market maker could be involved in digital assets in the coming months. He said i can nearly guarantee you. This is going to happen and i can almost nearly guarantee you as well, but that's not going to be good for cryptocurrency central securities founder ken griffin admitted to changing his anti-cryptocurrency stance by saying he was wrong and trashing them and said his firm could soon be Market making for digital assets, boy boy - this is like the god of war. When, when kratos is talking to his son, he says boy.

This is not good. If this happens holy crap, you know that you're going to get bent over and your cheeks are getting spread and shoved by uh a big inanimate object. That is likely ken griffin's weiner uh, and i i don't know about you, but i'm not i. I would not want to get shoved by kent griffin's wiener, uh market making digital assets.

Crypto has been one of the great great stories of finance over the course of roughly the last 15 years and i'll be clear. I've been in the naysayer camp over that 15-year period, mostly because he didn't think he'd be able to make money on it. I'm sure, but the crypto markets today have a market capitalization of about 2 trillion around numbers, but he's just basically stating hey. Look! There's money in this: we can make money in this uh, let's, let's find a way to weasel our way into the crypto market uh, which tells you that i haven't been right on.

This call also wasn't worried about p5 griffin, who has a net worth of just over 30 billion dollars said. While he still has doubts, the growing number of crypto advocates have made him want to explore the industry through citadel, the largest us market maker. To me this is gaslighting. This is to be what he realized is that he can market make this and uh he can make more money than he already is by market making the stock market huh.

Let's just think for a second right. If we, if we were to keep things, super simple and we were to just market, make the way that we're supposed to you'd have buyer over here go to broker, go to exchange to company and you go all the way back. That seems pretty simple, but instead we just insert all this unnecessary. So let's don't get the slice of the cake.

Now to me, what you're gon na watch happen is an overcomplication added complexity to the cryptocurrency market. Perhaps what is the most useful about crypto is that it has simplicity and simplicity is better than complexity every single day of the week unnecessary complexity, useless. This is literally history repeating itself. This is an opportunity in which i think people should say, listen ken citadel world.

This should not happen. These guys do not need to be in the cryptocurrency market, and i'm not even saying that, because daddy griffin is the big bad villain he's, but he is he is, but from a historical perspective, this does not make sense. It's just gon na add fragility to the overall stock market, meaning that it's easy to crash. It's going to have more volatility, so these guys can make more money.

You make less money, you get money stolen from you. It's just it's opportunity for these guys to profit off of you in another facet, another way of the market. I do not want to see this and i personally, i think people should be speaking out against this crap because it doesn't make sense. I don't know, i think this is uh.

This is really worth diving into, because if you think about how crazy it is, this is literally just history repeating itself again. They were against p5. Then, all of a sudden they were for p5, and we know that these. These guys pay out hundreds of millions of dollars to different brokers about a ton i mean if you want to look at the equation of the current stock market and there's a really simple, uh, simple way to look at this.

If you go watch the the problem with jon stewart, they go over this exact same thing. Uh. I showed you previously what it should look like right. Should this be you to broker to exchange the company back way, uh you buy and you sell as you please, but instead, we've inserted a million other different things that uh that allow citadel and market makers and and and brokers to make money such as off exchange Trading, this is the big one.

This is the big nut. Kicker, the big kick in the in the in the ball. Sack is hey citadel over here. Just wants to make some money off you trading for absolutely no reason have they done any work.

Have they got your best execution? No, so why are they here? Well, besides, liquidity, which is money, it's just necessary right. You need money to make markets uh, they really serve. No purpose, i mean that's what these exchanges are for just go to an exchange. Go to this exchange, i don't know, do you think ken might go to jail or no? He could.

I think if he goes to jail, he's just gon na get out and he's gon na have all his money he's gon na go back to doing the same garbage. I think if you really want punishment, the this was stated uh during the jon stewart space call, and i think that this is spot on. You just got to take the money away from these guys. You got to take the money away uh.

I think the the gains that are made in a non-ethical manner should not be held by ken griffin boys. I think it should be rightfully so taken away. That's it.