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:

• Scaramucci predicts Bitcoin to US $200,000 by the end of 2025

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