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Billionaire Thomas Peterffy Plans to Buy Bitcoin Despite Concerns BTC Could ‘Become Worthless or Outlawed’ Markets and Prices Bitcoin News

July 16, 2022
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Reading Time: 4 mins read
Billionaire Thomas Peterffy plans to buy more Bitcoin despite concerns that the BTC could be

Billionaire Thomas Peterffy, founder of Interactive Brokers, said he plans to buy more Bitcoin when the price of cryptocurrencies reaches $ 12,000. But he is concerned that Bitcoin can be “valueless or illegal.”

Thomas Peterphy on US Economy and Bitcoin

Billionaire Thomas Peterffy gives Bitcoin and US economic outlook interview With Forbes last week. Peterffy is the founder and chairman of the board of Interactive Brokers, an online trading platform. According to Forbes’ list of millionaires, his net worth is currently $ 18.4 billion.Interactive broker Provides cryptocurrency transactions..

Billionaires said in January that it would be wise for investors to hold 2% to 3% of their personal assets in cryptocurrencies in case the fiat currency goes into “hell.”Last July, he clearly What he has some BTC“It’s unlikely that this will be the dominant currency, so you’ll have to play the odds,” he said.

He told Forbes last week that he believes Bitcoin is extremely valuable, despite the recent sellout of the crypto market.He added that he still holds some BTC If the cryptocurrency price reaches $ 12,000, we will buy more. At the time of writing, Bitcoin is trading at $ 20,739.

Despite planning to buy more Bitcoin, Peter Fee remains cautious about the future of cryptocurrencies. He emphasized:

Very likely [bitcoin] It’s worthless or illegal.

Billionaires warned that the U.S. government could seek a ban on cryptocurrencies, and authorities said they were concerned that cryptocurrencies were being used to “fund illegal activities.” rice field. He also noted that the US Treasury cannot “manage or track payments and collect taxes.”

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Comments on the United States inflation Peter Fee hit a 40-year high in June, warning:

I think inflationary pressures will last for years, not months. This is not a short-term issue.

Billionaires continued to share the stock market outlook, predicting that the US stock market would bottom out as soon as it fell, and the S & P 500 would fall 22% to $ 3,000 around October. “Ultimately, rising prices will catch up with stocks … stocks will enter a long bull market driven by inflation,” he said.

What do you think of Thomas Peterffy’s comments on the billionaire? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian student, has been an evangelist since he found Bitcoin in 2011. His interests are in Bitcoin security, open source systems, network effects, and the crossroads of economics and cryptography.

Image credit: Shutterstock, AIXabay, Wikicommons

Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation for a purchase or sale, or a product, service, or company recommendation or approval. Bitcoin.com We do not provide investment, tax, legal, or accounting advice. Both the company and the author, directly or indirectly, with respect to any damage or loss caused or allegedly caused by or in connection with the use or trust of the content, goods or services described in this article. We are not responsible.

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