Ken Griffin Assesses Elon Musk’s Crypto Influence and Criticizes Trump’s Tariff Policies

The intersection of finance and politics became especially pronounced recently when Ken Griffin, the billionaire CEO of Citadel, shared his perspectives on two of the most influential figures in business and politics—Elon Musk and Donald Trump. Speaking at an event covered by Fortune on February 13, 2025, Griffin provided both praise and criticism, applauding Musk’s contributions to cryptocurrency while expressing serious concern over Trump’s proposed trade policies.

Ken Griffin’s Perspective on Elon Musk and Cryptocurrency

Elon Musk’s involvement in the cryptocurrency space has made headlines for years, and Griffin acknowledged the significant role Musk has played in driving digital currencies forward. He specifically commended the Tesla and SpaceX CEO’s dedication to Dogecoin, a cryptocurrency that began as a joke but has since evolved into a widely recognized digital asset, largely due to Musk’s support and enthusiasm.

Griffin, who has traditionally been skeptical of cryptocurrencies, stated that he is “so appreciative” of the advancements Musk has helped bring to the sector. His endorsement suggests that even long-standing institutional figures are beginning to recognize the growing influence of digital currencies in the financial landscape. As cryptocurrency continues to evolve, having leaders from both innovative technology and traditional finance acknowledge its potential signals a broader shift in perception.

Sharp Criticism for Trump’s Tariff Policies

While Griffin had positive remarks about Musk’s role in digital assets, he took a much more critical stance on Donald Trump’s economic strategy, particularly his proposed tariff policies. Trump, the former U.S. president and a likely 2024 candidate, has been pushing for steep tariffs on foreign goods as a way to bolster domestic industries and protect American jobs. However, Griffin strongly opposed this approach, warning that such policies could do more harm than good.

In one of his most striking remarks, Griffin stated, “That’s what you do in the death throes of a nation.” His words reflect a deep concern that aggressive tariffs could signal economic desperation rather than prosperity. He argued that rather than strengthening American businesses, these measures could instead drive up costs for consumers, disrupt trade relationships, and ultimately weaken the country’s competitiveness on the global stage.

A Growing Divide Between Business and Political Leaders

Griffin’s statements highlight the increasing divide between financial and political figures on key economic issues. Trump’s supporters argue that tariffs will protect American industries and lead to job creation, while critics like Griffin believe they carry significant risks, including inflation and strained international trade.

At the same time, Musk’s involvement in cryptocurrency remains polarizing. While Griffin acknowledged his influence positively, many in the financial industry still view digital assets as volatile and speculative. However, when figures as prominent as Griffin recognize the shifts taking place, it suggests a continued mainstreaming of cryptocurrency in financial conversations.

The Significance of This Debate

The public discourse between a Wall Street leader like Griffin and a political figure like Trump underscores some of the most pressing conversations shaping the U.S. economy today. It also highlights the expanding role of cryptocurrency as more influential figures engage in the debate. With the 2024 elections on the horizon, economic policies will be a crucial issue, and statements from business leaders like Griffin will likely influence public opinion.

Whether Griffin’s criticism of Trump’s trade policies will resonate with voters remains uncertain, but one thing is clear—money, politics, and technology are more interconnected than ever. As these discussions continue, they will shape the future direction of both the economy and financial innovation.