In conversation with Guy Adami, CNBC Fast Money Contributor at FMQ, Terrence Duffy, Chair and Chief Executive Officer, CME Group covered everything from products traded at CME like bond futures and commodities, his instinct to not trust FTX’s Sam Bankman-Fried and the current state of interest rates.
What’s his take on crypto? He likens it to sports and politics — there are always people on both sides, and no in between. But he really wants to see use cases.
“One thing that concerns me is it’s always priced on the acceptance of it,” Duffy said. People are looking for diversification and they’re going to take on some crypto, gold and silver. “But you have to get away from the price and get to the use case. How do we get it to the masses?”