Thomas Peterffy, founder of Interactive Brokers, recommends an allocation of 2% to 3% of net assets to Bitcoin

Source Cryptopolitan

Thomas Peterffy, the billionaire founder of Interactive Brokers Group, recommended that investors have 2-3% of the net assets in Bitcoin. He said his firm only allowed its clientele to put up to 10% of their total assets into crypto.

Peterffy believes that everyone without Bitcoin should find ways of owning some, but not too much, due to the associated risk of price fluctuations. He was, however, concerned that cryptocurrencies were just as worthy as paper currencies since they carried no intrinsic value. Having grown up in a socialist society, Peterffy was convinced that a free market economy was the only way to run a society efficiently. 

Peterffy believes everyone should invest a little in Bitcoin but remain cautious

Peterffy, the chair of the retail brokerage firm Interactive Brokers, said investing a small portion in Bitcoin was advisable. He, however, cautioned against having too much exposure to cryptocurrencies in general because it was ‘dangerous’. Peterffy, who was initially critical of Bitcoin, argued that Bitcoin should be separated from the ‘real economy’ as the CME prepared to launch Bitcoin futures. 

The Interactive Brokers chair went on to predict that Bitcoin could bring down the whole economy. Peterffy was surprised that the rapid implosion of the FTX crypto empire in November did not cause a steeper Bitcoin correction. He also forecasted a market downturn, although he predicted it would not be ‘very violent’ or ‘go very far’. 

Speaking with Bloomberg’s Sonali Basak from the Goldman Sachs Inc. conference, Peterffy revealed that he had invested ‘just a little’ in crypto since July 2021. He added that there was a small chance of crypto emerging as a dominant currency back then. 

“Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market, I think that there’s a small chance that this will be a dominant currency, so you have to play the odds.”

Thomas Peterffy

Peterffy remained unsure about Bitcoin’s worth, saying that its price could either spiral down to zero or skyrocket to a million dollars. ‘I have no idea,’ he said. He, however, advised investors to use crypto as a hedge against plummeting fiat currencies. Peterffy claimed that his platform was the most efficient for crypto trading, other than Robinhood. 

Interactive Brokers introduces AI-generated news for faster investment decisions 

Interactive Brokers introduced AI-powered functionalities to help investors make smarter and faster decisions. Steve Sanders, the EVP of Marketing and Product Development at Interactive Brokers said AI enabled the retail brokerage firm to deliver valuable insights in seconds. He said the new feature would help Interactive Brokers’ investors understand how breaking news affected their portfolios.

Leveraging the power of AI, the tool extracted market-relevant information, which allowed clients to scan for important updates quickly and gave them more time to make informed decisions about managing their portfolios. According to Interactive Brokers, the ability to filter news-related asset classes in portfolios and wish lists made it easy for investors to stay up-to-date, which directly impacted their investments.

Sanders clarified that the AI-generated news summaries feature gave investors a powerful way to pinpoint the information that mattered most, making research fast, impactful, and accessible.

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold sinks as risk appetite improves on Trump-Powell calm, China tariff relief hopesGold prices plunged more than 2.50% on Wednesday as risk appetite improved due to a possible de-escalation of US-China tensions and US President Donald Trump's statement that he doesn’t plan to fire Federal Reserve (Fed) Chair Jerome Powell.
Author  FXStreet
Yesterday 01: 32
Gold prices plunged more than 2.50% on Wednesday as risk appetite improved due to a possible de-escalation of US-China tensions and US President Donald Trump's statement that he doesn’t plan to fire Federal Reserve (Fed) Chair Jerome Powell.
placeholder
Bitcoin Price Stabilizes After Surge — Is It Gearing Up for Another Leg Up?Bitcoin price is moving higher above the $93,200 zone. BTC is consolidating gains and might continue higher above the $94,000 zone in the near term.
Author  NewsBTC
Yesterday 03: 22
Bitcoin price is moving higher above the $93,200 zone. BTC is consolidating gains and might continue higher above the $94,000 zone in the near term.
placeholder
Gold price bulls could regain control amid fading US-China trade deal optimismGold price (XAU/USD) attracts fresh buyers during the Asian session on Thursday, reversing the previous day's heavy losses and snapping a two-day losing streak to the $3,260 area or the weekly low.
Author  FXStreet
22 hours ago
Gold price (XAU/USD) attracts fresh buyers during the Asian session on Thursday, reversing the previous day's heavy losses and snapping a two-day losing streak to the $3,260 area or the weekly low.
placeholder
Forex Today: Easing geopolitical tensions support USD ahead of mid-tier dataThe US Dollar (USD) stays resilient against its peers early Thursday after posting gains for two consecutive days.
Author  FXStreet
20 hours ago
The US Dollar (USD) stays resilient against its peers early Thursday after posting gains for two consecutive days.
placeholder
Gold price snaps selling off after fresh Trump comments on tariffsGold price (XAU/USD) is turning positive, recovering above the $$3,300 level at the time of writing on Thursday after two days of firm selling pressure since it topped at $3,500 on Tuesday.
Author  FXStreet
19 hours ago
Gold price (XAU/USD) is turning positive, recovering above the $$3,300 level at the time of writing on Thursday after two days of firm selling pressure since it topped at $3,500 on Tuesday.
goTop
quote