Thomas Peterffy Warning

It is well known that Thomas Peterffy, the billionaire founder and chairman of Interactive Broker, has never liked Bitcoin very much.

His dislike for the cryptocurrency reached new heights when he published a page long ad in the Wall Street Journal warning the Commodity Futures Trading Commision, Chairman J. Christopher Giancarlo, of the dangers of Bitcoin integration.

This was a reaction to the announcement that the CME group was going to invest in Bitcoin. Petterfy called this move suicidal and warned them about the dangers of mixing Bitcoin and the “real economy”.

Petterfy states that Bitcoin has risen by 1,000% in over a year and there’s nothing saying that it wouldn’t rise more. He argues that even with limits there is no way to be protected against the volatility of Bitcoin and that mixing with the “real economy” could bring it down.

He tells that his problem is linking cryptocurrencies, which are notoriously deregulated, to the real economy by federal laws, not that he dislikes Bitcoin. He says that they have their place and their uses, but they should be away from the real economy market.

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