Do you think what he said makes sense?

Founder of Interactive Brokers: If BTC drops 30-50% in one day, there will be many bankruptcy cases, and the clearinghouses will not be able to handle the aftermath.

Thomas Peterffy, the founder of Interactive Brokers, warned: "Assuming Bitcoin drops 30%, 40%, or 50% in one 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, and added, "Bitcoin can rise to any price because it is basically just an imaginary thing; it has no intrinsic value." $BTC