{
Paxos Trust Company LLC

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001122334455554433221100

billionaire warns against excessive bitcoin exposure for investors

Billionaire Thomas Peterffy, Chairman of Interactive Brokers, recommends a cautious approach to Bitcoin investment, suggesting a 2% to 3% allocation of net worth, while warning that exceeding 10% could be "too dangerous." He expressed concerns about the volatile nature of cryptocurrencies, emphasizing their lack of intrinsic value and the risks of excessive leverage leading to potential market crashes.Peterffy's views resonate with industry veterans like Bill Miller, who advocate for modest Bitcoin allocations. Meanwhile, businesses are increasingly incorporating Bitcoin into their treasury reserves, with firms like Rumble and various biotech companies allocating significant funds to the cryptocurrency as a hedge against inflation.
CryptoPotato
Acurx Pharmaceuticals, Inc. Amazon.com, Inc. RumbleOn, Inc. Enlivex Therapeutics Ltd. Jetking Infotrain Limited Paxos Trust Company LLC Interactive Brokers Group, Inc. Hoth Therapeutics, Inc. IND USA Thomas Peterffy Show more
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14:14 12.12.2024
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