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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Ken Griffin says he is ‘so appreciative’ of Elon Musk’s DOGE cuts but slammed Trump’s tariffs, saying they’re ‘what you do in the death throes of a nation’

Billionaire Ken Griffin praised Elon Musk’s influence on Dogecoin while criticizing Donald Trump’s tariff policies. He lauded Musk’s role in legitimizing cryptocurrency but condemned tariffs as harmful to the economy. Griffin’s remarks highlight the tension between innovation-driven strategies and traditional economic policies, shaping debates on the future of global markets.

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Ken Griffin, the billionaire CEO of Citadel, recently made waves with his contrasting opinions on two significant figures in business and politics—Elon Musk and Donald Trump. In a recent discussion, Griffin expressed strong support for Musk’s handling of Dogecoin while sharply criticizing Trump’s use of tariffs. His remarks reflect the growing divide between innovation-driven strategies and traditional economic policies.

Griffin praised Musk’s ability to leverage his influence in the cryptocurrency world, particularly regarding Dogecoin. Over the years, Musk has consistently driven interest in the digital asset, frequently endorsing it on social media and integrating it into his business ventures. Tesla and SpaceX have both explored ways to incorporate Dogecoin into their operations, reinforcing its potential as a legitimate payment method.

“I’m so appreciative of what Elon has done with Dogecoin,” Griffin stated, acknowledging Musk’s role in legitimizing the meme-based cryptocurrency. While some traditional finance leaders remain skeptical of digital assets, Griffin’s support indicates a shift in Wall Street’s attitude toward their growing influence. By endorsing Musk’s approach, he recognizes the potential of decentralized financial systems and how they are reshaping the global economy.

However, Griffin was far less optimistic about Donald Trump’s economic policies, particularly his reliance on tariffs. Trump has long defended tariffs as a tool to protect American industries and reduce reliance on foreign goods. However, critics argue that such measures can backfire, driving up costs for consumers and businesses while restricting market competition.

“This is what you do in the death throes of a nation,” Griffin remarked, harshly criticizing protectionist trade policies. His stance aligns with free-market advocates who warn that tariffs can create economic inefficiencies and hinder global trade. Businesses reliant on international supply chains often suffer from increased costs, resulting in higher prices for goods and services.

Griffin’s comments highlight a larger debate about the direction of the U.S. economy. Should America pursue a free-market approach that prioritizes innovation, or should it implement trade barriers to safeguard domestic industries? Musk’s involvement in cryptocurrency represents a forward-thinking strategy that embraces technological change, while Trump’s tariffs reflect a more conservative approach aimed at preserving traditional economic structures.

As the leader of one of the world’s most powerful hedge funds, Griffin’s opinions carry considerable weight in financial and political circles. His endorsement of Musk’s cryptocurrency initiatives signals growing acceptance of digital assets in mainstream finance, potentially strengthening investor confidence in Dogecoin. Meanwhile, his opposition to tariffs reinforces widespread concerns among global investors about the unintended consequences of protectionist policies.

In an era of increasingly polarized economic strategies, Griffin’s remarks underscore the tension between innovation and regulation. Whether Musk’s influence in cryptocurrency or Trump’s trade policies will have a greater long-term impact remains uncertain. However, one thing is clear—figures like Griffin play a crucial role in shaping the discourse on the future of global markets.


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