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Bitcoin Could Become Worthless , But I Will Buy More , Thomas Peterffy Said about Bitcoin

Despite the risks that the US government might ban Bitcoin, Interactive Brokers’ Founder said he want sell his crypto stash.

Thomas Peterffy – Founder and Chairman of Interactive Brokers believes the American authorities might ban cryptocurrencies amid concerns that they facilitate illegal activities . Nonetheless, the billionaire remains a HODLer, vowing to purchase more Bitcoin if its price drops to $12,000.

The Current Economic Situation and Bitcoin

Thomas predicted that the record inflation in the USA will continue with the same severity in the next year :

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

put forward some present-day problems to prove his guess ; disruption in supply chains as globalization “reverses,” a shortage of skilled workers and increasing automation, decades of chronic US deficit spending, rising interest rates, and more.

Amidst this turbulence, he recommended investors focus on perspective publicly-traded firms as this is “a great time to do research and accumulate stocks of companies.”

Billionaire thomas, who invests in cryptocurrencies, also said that it does not make much sense to invest, he said that Bitcoin will be illegal in the future. In his view, criminals widely employ digital assets in their illicit operations, which could prompt the American government to prohibit the asset class.

bitcoin

Despite the warning, Peterffy remains a BTC HODLer. He even said he will increase his exposure if the asset’s price tumbles to $12K.

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His Previous Thoughts

Nearly a year ago, the Hungarian-born businessman admitted he had allocated some of his wealth to digital assets. Without disclosing which coins he chose, he outlined a scenario where crypto becomes a globally dominant currency:

Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market, I think that there’s a small chance that this will be a dominant currency, so you have to play the odds.

Interactive Brokers has over 1.6 million institutional and individual brokerage clients, managing more than $370 billion in customer equity.

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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