A dispute is raging among investors about whether Bitcoin is a suitable replacement for gold.
(Photo: Reuters)
Denver, Düsseldorf When times are good, it’s easy to advocate investing in Bitcoin. Investors should keep two to three percent of their assets in cryptocurrencies, said Thomas Peterffy, founder and head of the New York securities broker Interactive Brokers, in an interview with the financial services provider Bloomberg in early January – in the event that money “goes to the dogs”.
With that he hit a nerve. US billionaires have been worried about rising inflation for a long time and, after initial skepticism, therefore warmed themselves above all about the largest crypto currency Bitcoin.
Wednesday’s inflation data confirms concerns. US consumer prices rose seven percent in December compared to the same month last year. This is the highest level in 40 years.
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