Tuesday , 17 December 2024
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Interactive Brokers chairman Thomas Peterffy nominates Bitcoin crash as a big risk

Interactive Brokers chairman Thomas Peterffy spoke in an interview with Bloomberg.

  • bitcoin crash could trigger a broader stock market decline
  • rising leverage in bitcoin futures poses significant risks to broader assets
  • “A downturn is a very big risk because margin balances have been growing very, very quickly,”
  • “I am very worried that people overextended themselves,”

  • (BTC is) “basically just a figment of the imagination, so it doesn’t have any underlying value”

Link here for more.

Earlier, an opposing view:

This article was written by Eamonn Sheridan at www.forexlive.com.

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