Sunday, July 3

More billionaires turn to cryptocurrencies amid fears of fiat money inflation By CoinTelegraph

© Reuters. More billionaires turn to cryptocurrencies amid fears of fiat money inflation

Investors who were previously averse to cryptocurrencies are increasingly turning to and their sister cryptocurrencies as a hedge against fiat currency inflation problems.

One example is Hungarian-born billionaire Thomas Peterffy, who, in a Jan. 1 Bloomberg report, said it would be prudent to have between 2% and 3% of one’s portfolio in crypto assets in case fiat “goes to the bottom. hell”. Its value is said to be $ 25 billion.

  • The price of Bitcoin has risen between 7% and 36% in the first week of January of every year since 2018

Peterffy’s company, Interactive Brokers Group Inc, announced that it would offer its clients the ability to trade cryptocurrencies in mid-2020, following increased demand for this asset class. The company currently offers Bitcoin,, and, but will expand that selection with another 5 or 10 coins this month.

Read the full article on Cointelegraph

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