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Billionaire Thomas Peterffy, founder of Interactive Brokers, says he plans to buy more bitcoin if the price of the cryptocurrency hits $12K. However, he remains concerned that bitcoin could \u201cbecome worthless or outlawed.\u201d<\/strong><\/p>\n Billionaire Thomas Peterffy shared his outlook for bitcoin and the U.S. economy in an interview<\/a> with Forbes last week. Peterffy is the founder and chairman of the board of directors of Interactive Brokers, an online trading platform. His net worth is currently $18.4 billion, according to Forbes\u2019 list of billionaires. Interactive Brokers offers cryptocurrency trading<\/a>.<\/p>\n The billionaire said in January that it is prudent for investors to have 2% to 3% of their personal wealth in cryptocurrencies, just in case fiat currency goes to \u201chell.\u201d In July last year, he revealed<\/a> that he is holding some BTC<\/a>, stating that \u201cthere\u2019s a small chance that this will be a dominant currency, so you have to play the odds.\u201d<\/p>\n He told Forbes last week that he still believes bitcoin could become very valuable despite the recent crypto market sell-off. He added that he is still holding some BTC<\/a> and plans to buy more if the price of the cryptocurrency hits $12,000. At the time of writing, bitcoin is trading at $20,739.<\/p>\n Despite planning to buy more bitcoin, Peterffy remains cautious about the future of the cryptocurrency. He stressed:<\/p>\n Chances are very high that [bitcoin] will become worthless or outlawed.<\/p>\n<\/blockquote>\n The U.S. government could seek to ban crypto, the billionaire warned, noting that officials are concerned that cryptocurrencies are being used to \u201cprovide financing for illegal activities.\u201d He also noted the U.S. Treasury Department\u2019s inability to \u201ccontrol or keep track of payments and collect taxes.\u201d<\/p>\nThomas Peterffy on the U.S. Economy and Bitcoin<\/h2>\n
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