Today news
About the same in other media
More billionaires turning to crypto on fiat inflation fears
Reading now: 827
Previously anti-crypto investors are increasingly turning to Bitcoin and its brethren as a hedge against fiat currency inflation concerns.
One example is Hungarian-born billionaire Thomas Peterffy who, in a Jan. 1 Bloomberg report, said that it would be prudent to have 2-3% of one’s portfolio in crypto assets just in case fiat “goes to hell”. He is reportedly worth $25 billion.
Peterffy’s firm, Interactive Brokers Group Inc., announced that it would be offering crypto trading to its clients in mid-2020 following increased demand for the asset class. The company currently offers Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, but will be expanding that selection by another 5-10 coins this month.
Peterffy, who holds an undisclosed amount of
Read more on cointelegraph.comAbout this in other media
Upbit Crypto Exchange Traders to Face Fiat Services Disruptions over Lunar New Year Period cryptonews.com /2 years ago
New AML Legislation Won't Forbid Individuals to Hold Crypto, Says Estonia’s Ministry of Finance cryptonews.com /2 years ago
Valereum acquires Gibraltar-based Juno to expand on crypto-fiat bridge cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
