Billionaire Says: Own Some Bitcoin

Billionaire and Interactive Brokers Group founder Thomas Peterffy has encouraged investors to acquire Bitcoin while advising caution due to its inherent volatility. Speaking in a Bloomberg interview on Wednesday, Peterffy recommended allocating a modest portion of one’s net worth to the leading cryptocurrency.

“I would recommend that people put maybe 2% to 3% of their net worth into Bitcoin. I think anybody who does not have Bitcoin should have some Bitcoin,” Peterffy stated.

With an estimated $53 billion net worth, according to the Bloomberg Billionaires Index, Peterffy highlighted Bitcoin’s potential as a hedge while cautioning against overexposure.

Caution: Bitcoin’s Volatility Remains a Risk

While advocating for Bitcoin exposure, Peterffy maintained a cautious stance on crypto investments:

“We (Interactive Brokers) for example will not allow anyone to invest more than 10% of their assets into Bitcoin because I think that would be very dangerous.”

Peterffy’s remarks underscore the asset’s notorious price volatility, which can lead to significant swings in investor portfolios. His advice aligns with broader financial strategies, where Bitcoin is treated as a speculative asset within a diversified portfolio.

Trump Presidency and Pro-Growth Policies

Looking beyond Bitcoin, Peterffy also shared his views on the potential economic impact of a Donald Trump presidency. He anticipates that the new administration would prioritize reduced regulation and limit interference with private enterprise.

“I’m optimistic about the upcoming four years with possibilities for pro-growth policies,” Peterffy said, reflecting confidence in a favorable business and investment environment under Trump.

Interactive Brokers’ Crypto Integration

In 2021, Interactive Brokers ventured into the cryptocurrency market by launching crypto trading services in collaboration with Paxos Trust. The platform allows users to trade popular digital assets, including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Bitcoin Cash (BCH)

The move positioned Interactive Brokers as a key player in bridging traditional finance with the growing crypto ecosystem, catering to retail and institutional investors.

Thomas Peterffy’s recommendation of a 2-3% Bitcoin allocation reflects growing acceptance of cryptocurrencies among mainstream financial leaders while emphasizing caution due to volatility. With Interactive Brokers continuing to support crypto trading, Peterffy’s balanced approach offers guidance to investors navigating the evolving crypto landscape.