As institutional adoption of Bitcoin (BTC) and cryptocurrencies increases by the day, one analyst has advised investors to allocate a small portion of their portfolio to Bitcoin.
Speaking to Bloomberg, billionaire entrepreneur and founder of leading US brokerage firm Interactive Brokers, Thomas Peterffy, argued that everyone should own Bitcoin.
However, Peterffy, who opened a parenthesis on this issue, said that investors are too much “Everyone who does not have Bitcoin (BTC) should have it. But there is no need to keep it too much.”
“Everyone should have some Bitcoin. But you should invest 2-3% of your net worth in Bitcoin.
Because investing more than 10% of your assets in Bitcoin is very risky.”
Peterffy stated that the volatility of BTC and cryptocurrencies is behind these statements.
The celebrity admitted that he is afraid of cryptocurrencies due to their volatility and described them as basically just a figment of his imagination.
“So it doesn't have any underlying volume. The only value it has is the same as a paper dollar. So, nothing.”
*This is not investment advice.
