The cryptocurrency world is buzzing again! 🌟 Thomas Peterffy, the head of Interactive Brokers, advises investors to cautiously add Bitcoin to their portfolios. He recommends allocating 2-3% of their wealth but warns that more than 10% could be too risky. His words emphasize the importance of diversification and prudence in the world of digital assets.
Peterffy acknowledges that Bitcoin has no intrinsic value, comparing it to fiat currencies. He also warns about the risks of excessive leverage, which can lead to mass bankruptcies in the event of a sharp price drop. Despite his caution, Interactive Brokers has been actively involved in the crypto industry since 2017.