{"id":19461,"date":"2024-12-12T11:30:00","date_gmt":"2024-12-12T09:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/billionaire-thomas-peterffy-advises-allocating-2-3-of-capital-to-bitcoin\/"},"modified":"2024-12-12T11:30:00","modified_gmt":"2024-12-12T09:30:00","slug":"billionaire-thomas-peterffy-advises-allocating-2-3-of-capital-to-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/billionaire-thomas-peterffy-advises-allocating-2-3-of-capital-to-bitcoin\/","title":{"rendered":"Billionaire Thomas Peterffy Advises Allocating 2-3% of Capital to Bitcoin"},"content":{"rendered":"<p>Investors should allocate 2-3% of their capital to Bitcoin, but no more than 10%, given the asset&#8217;s volatility. This recommendation was made by Interactive Brokers founder Thomas Peterffy during a broadcast on <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-11\/peterffy-says-investors-should-hold-bitcoin-but-not-too-much\">Bloomberg<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cEveryone who doesn&#8217;t own Bitcoin should have some, but not too much,\u201d<\/em> he suggested.<\/p>\n<\/blockquote>\n<p>Peterffy ranks 46th among the world&#8217;s wealthiest individuals with a fortune of $53 billion.<\/p>\n<p>The entrepreneur admitted he is \u201ca little afraid\u201d of cryptocurrencies due to price fluctuations.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBitcoin has no intrinsic value. The only thing it has is the same as a paper dollar, which is nothing,\u201d<\/em> he added.<\/p>\n<\/blockquote>\n<p>Previously, Bridgewater Associates founder billionaire Ray Dalio referred to digital gold as \u201chard money.\u201d<\/p>\n<p>In September 2021, Interactive Brokers, with support from Paxos, launched cryptocurrency trading.<\/p>\n<p>In August 2022, the brokerage firm announced the transition of its service to a 24\/7 mode and the addition of new coins to its listing, alongside Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors should allocate 2-3% of their capital to Bitcoin, but no more than 10%, given the asset&#8217;s volatility. This recommendation was made by Interactive Brokers founder Thomas Peterffy during a broadcast on Bloomberg. \u201cEveryone who doesn&#8217;t own Bitcoin should have some, but not too much,\u201d he suggested. Peterffy ranks 46th among the world&#8217;s wealthiest individuals [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1538,1733],"class_list":["post-19461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-purchase","tag-interactive-brokers"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19461"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19460"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}