“I have Invested In Cryptos,” Says Millionaire Thomas Peterffy

Thomas Peterffy, the founder and chairman of Interactive Brokers, has admitted to investing in cryptocurrency.

“There’s a small chance that this will be a dominant currency, so you have to play the odds.” He believes.

Thomas peterffy via gettyimages.com

As of the first quarter, Interactive Brokers had around 1.33 million buyer accounts and $330.6 billion in buyer equity.

Clients from over 200 countries and territories use a single Interactive Brokers account to invest in stocks, options, futures, currencies, bonds, and mutual funds all across the world. Peterffy’s online value is currently $21.4 billion, according to Forbes.

The chairman stated that despite his uncertainty about the future of cryptocurrencies, he has invested in it:

“Even I actually have put a little little bit of money into crypto, as a result of though likelihood is, I feel, that this isn’t going to be a viable market, I feel that there’s a small probability that this will likely be a dominant foreign money, so it’s a must to play the chances.”

Peterffy has previously been a supporter of bitcoin, most recently in 2017 when CME was preparing to launch bitcoin futures.

He’s not that much active on social media, but his supporters are growing into large numbers as the news spreaded like a bush fire.

He told the news organisation at the time that he had no objections to those who wanted to trade bitcoin and other cryptocurrencies.

However, he famously stated: “What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.”

Meanwhile, his firm is preparing to start buying and trading cryptocurrencies by the end of the summer season.

He further stated,

“Customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the summer.”

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