Tom Peterffy, Interactive Brokerage: Bitcoin is a bubble and will collapse, but only after reaching $100,000

Thomas Peterffy is the founder and CEO of Interactive Brokerage, and he is one of those people from Wall Street who are not thrilled with Bitcoin and believe that the current growth is not exactly adequate. However, as it quickly becomes clear from the reports, unlike some other skeptics, he believes that the further growth of this digital currency is not excluded. And what’s even more interesting, he tells the maximum can be around $100,000, a number comparable to the levels predicted by Michael Novogratz. The latter investor is very optimistic about the future of Bitcoin and cryptocurrencies.

When talking about Bitcoin futures, Tom Peterffy expressed concerns over possible collapse of smaller brokerages losing money due to the cryptocurrency market volatility and told he set a limit on trades with such futures for the employees of his company.

“I'm extremely curious, this is an amazing thing. How silly people are, it is just amazing”, quite arrogantly states Mr. Peterffy.

Anyway, the launch of Bitcoin futures on the Chicago Board Options Exchange is going to result in more commentaries and media reports on the theme, which is going to attract more investors in the digital currency market and quite possibly, increase the price of Bitcoin even more. There were times when the value over $10,000 looked unachievable. Everybody knows what actually happened later.