{"id":411798,"date":"2022-03-03T21:45:00","date_gmt":"2022-03-03T18:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3\/"},"modified":"2022-03-03T21:45:00","modified_gmt":"2022-03-03T18:45:00","slug":"crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3\/","title":{"rendered":"# Crypto Biz: Another billionaire admits he was wrong about Bitcoin, Feb. 25-Mar. 3"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f953ee819c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f953ee819c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3\/#%E2%80%9D_Crypto_Biz_Another_billionaire_admits_he_was_wrong_about_Bitcoin_Feb_25-Mar_3_%E2%80%9C\" >&#8221; Crypto Biz: Another billionaire admits he was wrong about Bitcoin, Feb. 25-Mar. 3  &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3\/#Billionaire_admits_he_was_wrong_about_Bitcoin_as_Citadel_looks_to_crypto_markets\" >Billionaire admits he was wrong about Bitcoin as Citadel looks to crypto markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3\/#DCG_announces_250M_share_repurchase_for_Grayscale_products\" >DCG announces $250M share repurchase for Grayscale products<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3\/#Payment_services_provider_Shift4_acquires_The_Giving_Block_for_54_million\" >Payment services provider Shift4 acquires The Giving Block for $54 million<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3\/#South_Korean_crypto_market_grows_to_459B_in_2021_despite_strict_regulations\" >South Korean crypto market grows to $45.9B in 2021 despite strict regulations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3\/#Before_you_go\" >Before you go!<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_Biz_Another_billionaire_admits_he_was_wrong_about_Bitcoin_Feb_25-Mar_3_%E2%80%9C\"><\/span>&#8221; Crypto Biz: Another billionaire admits he was wrong about Bitcoin, Feb. 25-Mar. 3  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNGUzMTYxZDgtZWM2NC00NjMxLWE5YzctZWNjZGI0MTBlOTEyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>After spending years ridiculing Bitcoin and cryptocurrency, Wall Street\u2019s 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\u2019t the only wealthy investor to have a change of heart, so we\u2019re not going to bust his chops too much.<\/p>\n<p>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. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Billionaire_admits_he_was_wrong_about_Bitcoin_as_Citadel_looks_to_crypto_markets\"><\/span>Billionaire admits he was wrong about Bitcoin as Citadel looks to crypto markets<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Citadel Securities, the multi-billion dollar hedge fund manager, will soon be offering cryptocurrency investments after company founder Ken Griffin admitted he was wrong about the asset class. \u201cIt\u2019s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies,\u201d he told Bloomberg Wealth in an interview. It was not even five years ago that Griffin was warning people about Bitcoin being a massive bubble akin to Tulip mania in the 1600s. I doubt anyone is seriously comparing Bitcoin with the Dutch tulip bubble anymore, but if you still have doubts, read this article. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"DCG_announces_250M_share_repurchase_for_Grayscale_products\"><\/span>DCG announces $250M share repurchase for Grayscale products<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Digital Currency Group, better known as DCG, has announced it will repurchase up to $250-million worth of shares for several Grayscale investment products \u2014 chiefly the Litecoin, Zcash and Horizen Trusts. Although the venture capital firm didn\u2019t specify why it was repurchasing shares, CEO Barry Silbert tweeted separately on March 2 that his firm is increasingly bullish on the market. \u201cBitcoin is looking good,\u201d he said, adding that, \u201cWe\u2019re buying.\u201d (It\u2019s not quite clear what this means, but Bitcoin\u2019s spike above $45,000 amid geopolitical unrest probably has something to do with the favorable assessment.)<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Digital Currency Group Announces $250 Million Share Repurchase Program for Grayscale\u00ae Litecoin Trust (OTCQX: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LTCN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LTCN<\/a>), Grayscale\u00ae Horizen Trust (OTCQX: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24HZEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HZEN<\/a>), Grayscale\u00ae Zcash Trust (OTCQX: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ZCSH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ZCSH<\/a>), and other Grayscale Products <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zKoEWkfyk1\">https:\/\/t.co\/zKoEWkfyk1<\/a><\/p>\n<p>\u2014 Barry Silbert (@BarrySilbert) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BarrySilbert\/status\/1499025022723268609?ref_src=twsrc%5Etfw\">March 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Payment_services_provider_Shift4_acquires_The_Giving_Block_for_54_million\"><\/span>Payment services provider Shift4 acquires The Giving Block for $54 million<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Payment solutions provider Shift4 this week announced the purchase of crypto donations platform The Giving Block for $54 million. The deal, which was paid for in cash and stock, has a potential earnout of up to $246 million. Crypto-based philanthropy was back in the spotlight this week after the Ukrainian government and charities linked to it received more than $37 million in digital donations, mainly through Bitcoin (BTC), Ether (ETH) and Tether (USDT). The Giving Block also launched a Ukraine emergency fund allowing crypto holders to donate to the relief efforts amid the ongoing conflict with Russia. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Our Ukraine Emergency Response Fund is now LIVE <\/p>\n<p>The nonprofits within this fund are saving lives and providing critical support on the ground to those impacted by the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ukraine?src=hash&amp;ref_src=twsrc%5Etfw\">#Ukraine<\/a> crisis. <\/p>\n<p>Donate <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptocurrency<\/a> to the fund now: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/4ZXGMGcrlH\">https:\/\/t.co\/4ZXGMGcrlH<\/a><\/p>\n<p>\u2014 The Giving Block (@TheGivingBlock) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheGivingBlock\/status\/1497380202242093069?ref_src=twsrc%5Etfw\">February 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"South_Korean_crypto_market_grows_to_459B_in_2021_despite_strict_regulations\"><\/span>South Korean crypto market grows to $45.9B in 2021 despite strict regulations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you\u2019ve been in crypto long enough, you know that South Korea is one of the most vibrant markets for trading digital assets. We finally have some numbers to back it up: Earlier this week, South Korea\u2019s Financial Service Commission reported that the country\u2019s cryptocurrency market grew to $45.9 billion, or 55 trillion won, by the end of 2021. South Korea\u2019s 21 regulated exchanges collectively processed an average of $9.4-billion worth of trades per day. Even with stringent crypto regulations, South Korea continues to be a hotbed of industry activity. Surprise, surprise, regulators are now turning their attention to nonfungible tokens, putting South Korea on track to become one of the first countries to issue NFT tax regulations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Before_you_go\"><\/span>Before you go!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There has been a lot of buzz recently about decentralized autonomous organizations, or DAOs. As we reported last month, the Republic of the Marshall Islands has become the first jurisdiction to formally recognize DAOs as legal entities. In this week\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=sgvGUqADmH0\">The Market Report<\/a>, Cointelegraph analysts engaged in a friendly debate about the most promising DAOs for 2022. If you missed the live show, you can still catch the replay below. Be sure to catch The Market Report every Tuesday at 12:00 pm ET for updates, analysis and a live debate about all things crypto!<\/p>\n<p><iframe loading=\"lazy\" title=\"Which of these DAOs has the most potential? | The Market Report\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/sgvGUqADmH0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-biz-another-billionaire-admits-he-was-wrong-about-bitcoin-feb-25-mar-3\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto Biz: Another billionaire admits he was wrong about Bitcoin, Feb. 25-Mar. 3 &#8220; After spending years ridiculing Bitcoin and cryptocurrency, Wall Street\u2019s 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":411799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNGUzMTYxZDgtZWM2NC00NjMxLWE5YzctZWNjZGI0MTBlOTEyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[90192,117,70577,72420],"class_list":["post-411798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-digital-currency-group","tag-business","tag-donations","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/411798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=411798"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/411798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/411799"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=411798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=411798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=411798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}