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Billionaires are embracing crypto in case money becomes worthless

Scott Carpenter and Claire Ballentine
Scott Carpenter and Claire Ballentine • 4 min read
Billionaires are embracing crypto in case money becomes worthless
Is crypto worth it or worthless? Find out what billionaires think.
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Thomas Peterffy took out a full-page ad in the Wall Street Journal in 2017 warn­ing of the dangers that bitcoin futures posed to capital markets.

These days, the Hungarian-born billionaire is well versed in crypto speak. Pe­terffy, worth US$25 billion ($34 billion), said it is prudent to have 2% to 3% of one’s person­al wealth in cryptocurrencies, just in case fiat currency goes to “hell”.

He owns some himself, while his firm Inter­active Brokers Group Inc. recently offered cus­tomers the ability to trade Bitcoin, Ethereum, Litecoin and Bitcoin Cash, after detecting “ur­gency” from its clients to get in on the action.

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