Thomas Peterffy in 2017 had paid big money for an ad to be published in the Wall Street Journal - warning of the risk that cryptocurrencies pose in the capital market, writes Bloomberg.

These days, the Hungarian billionaire is well versed in cryptocurrencies.

Peterffy, who is "worth" 25 billion dollars, said that it is wise to have two or three percent of personal wealth in cryptocurrencies, in case "normal" currencies go to waste, reports Telegrafi.

He owns some, while his company Interactive Brookers Group Inc., recently offered buyers the opportunity to trade Bitcoin, Ethereum, Likecoin and Bitcoin Cash, after discovering that their buyers were in a hurry to join this action.

Peterffy, 77, said at Interactive Brookers in Greenich Conectic, they could trade five or ten cryptocurrencies - starting this month.

"It is possible that cryptocurrencies could create new opportunities.

I think it can fall (value) to zero, but I also think it can go to a million dollars.

"I do not know," he said in an interview.

His approach clearly shows the changing attitudes of investors towards currencies, which they once ridiculed or were wary of when it comes to digital land - but which they realized in particular in 2021 - that they could not resist the risk earn more.

Even if prices devalued, large and small investors would sink into Bitcoin and Ethereum, as well as land and other cryptocurrencies.

Ray Dalio recently revealed that he holds at least something from Bitcoin and Ethereum in his portfolio, just a few months after the issue of using cryptocurrencies as the official currency or for safekeeping arose.

The founder of Bridgewater Associates, sees it as alternative money in the world, where inflation can not beat purchasing power.

Paul Tudor John admitted that he has invested in cryptocurrencies as protection against inflation, and almost half of the offices with which Goldman Sachs Group Inc. works, which has been interested in adding digital currencies to its portfolios.

Proschers launched the bitcoin futures ETF in the US, which attracted over $ 1 billion for two days, before prices changed during October.

Currency enthusiasts still hope the US regulator will approve the ETF that currently holds Bitcoin this year.

Better yet, Coinbase Global Inc. has gone public and now has a market value of $ 54 billion.

Its founder, Bryan Armstrong, is worth $ 9.7 billion, according to the Bloomberg Billionaires Index.

It is also the period when cryptocurrencies collided with culture.

NFT from Beeple sold for $ 69.3 billion to Christie's.

Tom Brady has spoken out about the NFT that has to do with his legendary career - while Katy Perry, and the Grimes agency behind BTS K-Pop, tried to take advantage of the growing industry.

El Salvador's President Najib Bukele even made Bitcoin the official currency in his country.

The cryptocurrency market peak will continue this year - The Stapless Center in Los Angeles is now the Cripto.com Arena, while the FTKS is Singaporean Cripto.com posting ads during the big Super Bowl sporting event - regardless of whether prices continue to rise .

Michael Novograc, who runs Galaxy Digital, said last month that prices could fall in the short term.

"There has been a lot of talk in the markets over the last year," he told Bloomberg, Novograc, at least - noting that retail investors flocked to the NFT and tracked what he called unusual cryptocurrency investments.

The "prophet" of New York-based digital currencies also predicted that Bitcoin would not fall below $ 42,000.

So the value of Bitcoin during the year we left behind closed at $ 46,300.

"So much money is being poured into this area and it can not make sense for cryptocurrency prices to fall," Novograc said.

Jesse Powell, chief executive of Kraken, acknowledged that prices could fall, but told Bloomberg TV on December 14 that any move below $ 40,000 was a "buy-in".

In August he predicted that it would reach the price of 100 thousand dollars, and still hopes that Bitcoin will reach 500 thousand dollars - while last month he said that there is no need for improvement.

/ Telegraphy /