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Billionaires embrace crypto in case money ‘goes to hell’

Scott Carpenter

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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 cryptospeak. Peterffy, worth $25 billion, said it’s prudent to have 2 per cent to 3 per cent of one’s personal wealth in cryptocurrencies, just in case fiat currency goes to “hell.”

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    Original URL: https://www.afr.com/wealth/investing/billionaires-embrace-crypto-in-case-money-goes-to-hell-20220102-p59lao