The rich invest in cryptocurrencies to prevent fiat currencies from falling into 'data'.

According to Bloomberg News, in 2017, Thomas Peterffy published an article in the Wall Street Journal, warning of the dangers Bitcoin could bring to the investment market.Recently, American billionaires of Hungarian origin have increasingly embraced cryptocurrencies.Peter Fei, valued at $ 25 billion, said it would be a good idea to invest 2-3% of personal wealth in cryptocurrencies so that fiat currency does not go “global”.

He also owns it, and his company Interactive Brokers recently offered clients the option of trading Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Because he sees the "rapid pace" of consumer participation in this project.

Peter Fei believes cryptocurrencies have the potential to make a huge comeback, even if the protests are true. “I think it could be zero and it could be a million dollars,” he said in an interview. "I have no idea."

Its method of reporting changes in cryptocurrency investor behavior.

Rey Dario recently announced that he has at least Bitcoin and Ethereum in his records, and a few months ago he questioned the value of cryptocurrencies as a retailer with money. . The founders of the Bridgewater Fund believe these investments are another advantage in a world where "money is a waste" and inflation is low on purchases.

Paul Tudor Jones has indicated that his investments are aimed at fighting inflation, and a recent bank survey found that nearly half of family offices that do business with Goldman Sachs Group want to add digital benefits to their investment.

Although digital advantages have varied in effectiveness, they have gradually entered the financial realm.

ProShares launched the first U.S. Bitcoin Futures ETF to raise over $ 1 billion in cash in just two days, but since early October, investments have plummeted and prices have fallen. Cryptocurrency enthusiasts also expect U.S. regulators to approve ETFs that will hold Bitcoin in 2022.

Something better for Coinbase Global Inc. which is a publicly traded company now worth $ 54 billion. Founder Brian Armstrong is worth $ 9.7 billion, according to the Bloomberg Billionaires Index.

It was also a time when cryptocurrency and culture collided. One of Beeple's NFT artwork sold for $ 69.3 million at Christie's. Tom Brady has reported on NFT on his legendary work, and Katy Perry, Grimes, and the organization behind BTS have tried to make money with this new venture. The President of El Salvador, Nayb Bukele, even made Bitcoin legal tender in his home country.

Even in 2022, the size of the cryptocurrency market will grow. The Staples site in Los Angeles is now renamed Crypto.com Arena, while FTX and Crypto.com in Singapore air during the Super Bowl.

Michael Novogratz, who heads Galaxy Digital Capital Management, said last month that prices would "drop sideways" in the near term. Novogratz told Bloomberg that there will be more "bubbles" in the market by 2021. Because retailers have come together to venture into NFTs and research different cryptocurrency investments. He also predicted that Bitcoin would not fall below the bottom line of around $ 42,000. This year's closing price is approximately $ 46,300.

“There is too much money in this area,” Novogratz said.

Kraken cryptocurrency exchange CEO Jesse Powell confirmed that prices would drop, but on Bloomberg TV on December 14, calling the exchange under $ 40,000 a "buying time." He was quick to admit that he wasn't always there. In August, he predicted that the value would reach $ 100,000 per coin by 2021. At the same time, Katherine Wood of Ark Investment Management also estimated that Bitcoin would reach $ 500,000 per month and said last month that Bitcoin did not need to be fixed.

There are still a lot of skeptical voices on Wall Street and among the super-rich, but there are also pragmatic voices.

Ken Griffin of Citadel described the recent rise in cryptocurrency as a "call to jihad" against the US dollar. However, Griffin said his company would trade cryptocurrencies if there were more rights. JP Morgan's Jamie Dimon said bitcoin was "unprofitable" in October, but New York-based giants scrambled to find consumers to allow digital currency trading.