Billionaire Thomas Peterffy admits to investing in cryptocurrencies

Billionaire Thomas Peterffy admits to investing in cryptocurrencies

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2021-07-22 23:58:34

Billionaire Thomas Peterffy says he has allocated a portion of his $21.3 billion fortune to invest in cryptocurrencies.

Thomas Peterffy, Founder and President of Interactive Brokers, revealed that he bought some of his own cryptocurrencies. Although he remains skeptical about the long-term future of this asset class, the billionaire also noted that cryptocurrency has the potential to become a dominant global currency.

“Even I myself put some money into crypto. Because while most likely, I don’t think this will be a viable market but I still think there is a small chance that this will be a dominant currency. Therefore, you have to play according to the odds.” – Billionaire Thomas Peterffy shares his decision to invest in cryptocurrencies.

Peterffy’s comments show that he has changed his mind about cryptocurrencies significantly. Because in the past, this billionaire always said that Bitcoin needs to stay away from the real economy. On the other hand, the billionaire with the nickname “father of high-speed transactions” thinks that cryptocurrency is a great idea but only if the government and officials allow it to be freely traded and used.

Currently, Thomas Peterffy does not share the details of which cryptocurrency he owns. However, he revealed that Interactive Brokers customers are becoming more and more interested and interested in cryptocurrencies. That is why the company has planned to launch trading options to satisfy customers.

See more: More than 50% of Goldman Sachs Household Clients Want to Invest in Crypto

According to billionaire Thomas Peterffy’s share, Interactive Brokers, one of the leading brokerage companies today, has started providing cryptocurrency trading services. Thomas Peterffy asserts that the company with more than three million transactions per day must provide maximum security for its customers when working with crypto assets:

“The biggest hurdle is how do you keep your customers 100% safe. How do you 100% guarantee that no one is stealing their money despite the fact that they are untraceable. We will learn more about this when we open for business later in the summer.”

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