'The Father of High-Frequency Trading' Thomas Peterffy: Everyone should own some Bitcoin, but not too much

Thomas Peterffy, founder of Interactive Brokers, known as the 'Father of High-Frequency Trading', stated that investors should own some Bitcoin, but the holdings need to be limited due to the volatile nature of Bitcoin prices.

Thomas Peterffy said during an interview with (Bloomberg TV) on Wednesday:

I recommend that people invest 2% to 3% of their net worth in Bitcoin... For example, we do not allow anyone to invest more than 10% of their assets in Bitcoin, as I believe this is very dangerous.

According to the Bloomberg Billionaires Index, Thomas Peterffy's net worth is about $53 billion. He stated that he is 'a bit scared' of cryptocurrency because of the extreme volatility in Bitcoin prices.

Thomas Peterffy said that Bitcoin 'has no intrinsic value', 'its only value is the same as that of a dollar bill, basically nothing (Nothing).'

Interactive Brokers launched cryptocurrency trading in 2021, allowing users to buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), primarily through a partnership with cryptocurrency broker Paxos Trust.

Thomas Peterffy stated: 'I believe that anyone without Bitcoin should own some Bitcoin, but not too much.'

Thomas Peterffy revealed in 2021 that he holds some Bitcoin, saying at the time, 'The chances of Bitcoin becoming the dominant currency are small, so you have to take a gamble.'

In a recent interview, he also discussed the biggest impact of the Trump administration coming into office, which will be less regulation and less interference with private enterprises. He is 'extremely optimistic' about the next four years. However, he also expressed concerns about the potential for the market to over-expand regarding all policies supporting economic growth.

Thomas Peterffy said, 'At some point in the future, the market will show a downward trend,' 'but I don't think it will be a very steep decline, and it won't last very long.'

"The 'Father of High-Frequency Trading' Thomas Peterffy: Everyone should own some Bitcoin, but not too much" was first published in (Blockcast).