American businessman Thomas Peterffy, whose capital is estimated at $ 18.4 billion, is ready to buy bitcoins when the value of the cryptocurrency falls to $ 12,000.
In a recent interview with Forbes, the entrepreneur admitted that he already owns digital assets and plans to buy several more coins if BTC falls in price. Peterffy does not intend to buy the cryptocurrency at the current high price, because he believes that in the future with a high probability bitcoin will depreciate or will be banned in the United States.
This week, experts at Finder portal made a forecast for bitcoin to fall to $13676. Analysts doubt that the coin will fall below that value, so Thomas’ plan is unlikely to come to fruition.
Despite the high financial risks associated with buying cryptocurrencies, in January Peterffy advised investors to invest 2-3% of assets in bitcoin just in case “the money falls through the cracks.”
In June, the U.S. inflation rate hit a 40-year high of 9.1%. Peterffy anticipates that prices of goods and services will continue to rise rapidly over the next few years. Accordingly, bitcoin can help preserve savings as fiat currencies depreciate.