Interactive Brokers founder Thomas Peterffy warned: "If Bitcoin drops 30%, 40%, or 50% in a day, there will be many bankruptcy cases, and the clearinghouses will not be able to handle the aftermath." When directly asked about his views on Bitcoin, Peterffy admitted that he feels "scared" about it, adding, "Bitcoin can rise to any price because it is essentially just an imaginary thing; it has no intrinsic value." (businessinsider)