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"Father of High-Frequency Trading" Thomas Peterffy: Everyone should own some BTC, but not too much.
Thomas Peterffy, the founder of Interactive Brokers, known as the 'father of high-frequency trading,' said that investors should hold some BTC, but the positions should be limited because of the dramatic Fluctuation in BTC prices.
Thomas Peterffy said in an interview with Bloomberg TV on Wednesday:
I suggest people invest 2% to 3% of their net assets in BTC... For example, we do not allow anyone to invest more than 10% of their assets in BTC because I think it is very risky.
According to the Bloomberg Billionaires Index, Thomas Peterffy's net worth is about 53 billion USD. He said he is 'a little afraid' of cryptocurrencies, citing the dramatic Fluctuation in the price of BTC.
Thomas Peterffy said that BTC has no intrinsic value, and its only value is the same as US dollars, basically nothing.
In 2021, Interactive Brokers launched cryptocurrency trading, allowing users to buy and sell BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), and BCH (Bitcoin Cash), mainly through a partnership with cryptocurrency broker Paxos Trust, amidst fluctuations.
Thomas Peterffy said, "I think anyone without BTC should have some BTC, but not too much."
Thomas Peterffy revealed in 2021 that he held some BTC, and at that time he said, "The possibility of BTC becoming the dominant currency is very small, so you have to take a gamble."
In a recent interview, he also talked about the biggest impact that the Trump administration will bring, which will be less regulation and less intervention in private enterprises. He is "extremely optimistic" about the next four years. However, he also expressed concerns about the market's possible over-expansion for all policies that support economic growth.
Thomas Peterffy said, "At some point in the future, the market will experience a downward trend," "but I don't think it will be a very drastic decline, and it won't last very long."
<"Father of high-frequency trading" Thomas Peterffy: Everyone should have some BTC, but not too much> This article was first published in "Block Chain".