IBKR stock price has been range bound for last four years. The market has zoomed higher... Peterfly being so negative on crypto trading back in 2017 wasnt a good move, IB should have embraced it back then.
When someone controls billions, investing few Millions into anything that might have potential ain’t a bad idea….
The news is that he used to say cryptos were really bad and could crash the entire system and the bitcoin futures could take down the CME. That was back in 2017. Now he says he owns them himself.
why are you surprised? smart people can change their opinion when facts change. Only idiots are stubborn to ever admit they were wrong. And he is very smart.
It makes sense to put 1-5% of one's net worth to bitcoin and cryptos, just in case Should ET posters do the same as well? [hint]
Ray Dalio, Paul Tudor Jones, Stanley Druckenmiller, Bill Miller, Thomas Petterfy, Winklevoss twins, Jack Dorsey, Elon Musk, Tom Brady, Paris Hilton, and many many more, own real estate and stocks but they also own bitcoin/cryptos Why can't you own bitcoin/cryptos as part of your investment portfolio?
I can live in my house or rent it out, stocks pay dividends. Bitcoin profits rely on me finding a bigger sucker to pay an even higher price than i paid.