Billionaire Thomas Peterffy Plans to Buy Bitcoin Despite Concerns BTC Could 'Become Worthless or Outlawed' – Markets and Prices Bitcoin News
— Plans, Markets, Market, Cryptocurrency, Peterffy, Interactive, Thomas, Prices, Outlawed, Billionaire — 1 min read
Thomas Peterffy, founder of Interactive Brokers, says he plans to buy more bitcoin if the price of the cryptocurrency hits $12,000. He said he still believes bitcoin could become very valuable despite the recent crypto market sell-off. The billionaire said in January that it is prudent for investors to have 2% to 3% of their personal wealth in cryptocurrencies, just in case fiat currency goes to “hell.” At the time of writing, bitcoin is trading at $20,739; the S&P 500 could decline 22% to $3,000 around October, according to Forbes’ list of billionaires. The U.S. stock market could hit bottom as soon as the fall, he said. Source