Home Capital Cryptocurrency

Billionaires are embracing crypto in case money becomes worthless

Scott Carpenter and Claire Ballentine
Scott Carpenter and Claire Ballentine1/6/2022 8:42 PM GMT+08  • 4 min read
Billionaires are embracing crypto in case money becomes worthless
Is crypto worth it or worthless? Find out what billionaires think.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Thomas Peterffy took out a full-page ad in the Wall Street Journal in 2017 warn­ing of the dangers that bitcoin futures posed to capital markets.

These days, the Hungarian-born billionaire is well versed in crypto speak. Pe­terffy, worth US$25 billion ($34 billion), said it is prudent to have 2% to 3% of one’s person­al wealth in cryptocurrencies, just in case fiat currency goes to “hell”.

He owns some himself, while his firm Inter­active Brokers Group Inc. recently offered cus­tomers the ability to trade Bitcoin, Ethereum, Litecoin and Bitcoin Cash, after detecting “ur­gency” from its clients to get in on the action.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.