The number of billionaires that have invested in crypto increased last year. This trend could persist into 2022 as fears over fiat intensify.
In the past anti-crypto investors are progressively turning to Bitcoin. Therefore, it’s brethren as a hedge against fiat currency inflation concerns.
For instance, Hungarian-born billionaire Thomas Peterffy in one of the Bloomberg reports, said on Jan 1 that it would be judicious to have 2-3% of one’s portfolio. Also, Peterffy’s firm, Interactive Brokers Group Inc., declared that it would be offering crypto trading to its clients in mid-2020.
Additionally, the company is currently offering Litecoin, Ethereum, Bitcoin Cash Bitcoin. The company will be expanding the selection by another 5-10 coins this month. Also, Peterffy, who holds an undisclosed amount of crypto himself, said that it is possible that digital assets could recap “extraordinary returns.”
Moreover, in early December, the billionaire predicted that Bitcoin could spike as high as $100,000 before markets begin to retreat.
Another billionaire who is all up for crypto is Bridgewater Associates founder Ray Dalio. He revealed that his portfolio contained some Bitcoin and Ethereum last year. This disclosure came just a few months after he interrogated crypto’s properties as a store of value.
In addition, he has now changed that stance and views crypto-asset investments as “alternative money” in a world where “cash is trash’’. Inflation is definitely the reason behind purchasing power erosion.
Dalio commented that he was affected by how crypto lasted at the end of December. before stating, “Cash, which most investors think is the safest investment is, I think, the worst investment.”
