--- title: "Meaning & Key Takeaway of: What I am objecting to is linking bitcoin…" description: "\"What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear..." image: "https://sms4smile.com/quotes/i/7f3/thomas-peterffy-22732_bitcoin_what-i-am-objecting-to-is-linking-bitcoi_2642957.png" --- # What I am objecting to is linking bitcoin and other… ![“What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.” quote by Thomas Peterffy](https://sms4smile.com/quotes/i/7f3/thomas-peterffy-22732_bitcoin_what-i-am-objecting-to-is-linking-bitcoi_2642957.png) [Download](https://sms4smile.com/quotes/i/7f3/thomas-peterffy-22732_bitcoin_what-i-am-objecting-to-is-linking-bitcoi_2642957.png) [Open image](https://sms4smile.com/quotes/i/7f3/thomas-peterffy-22732_bitcoin_what-i-am-objecting-to-is-linking-bitcoi_2642957.png) > “What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.” [Thomas Peterffy](https://sms4smile.com/quotes/author/thomas-peterffy/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Regulating crypto like traditional goods could stifle innovation and misalign it with real‑world economics. **In simple terms:** Treating bitcoin as ordinary commodities may hinder its growth. Key Takeaway Consider balanced regulation that respects crypto’s uniqueness. Themes finance technology regulation cryptocurrency innovation Mood cautious inquisitive Type policy financial When to use this quote - crypto taxation policy - exchange licensing - consumer protection frameworks Key Concepts blockchain economics market design financial law Questions to Reflect On - What risks arise from heavy crypto regulation? - How can regulators foster innovation safely? 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You do capital spending. You build businesses.](https://sms4smile.com/quotes/stanley-druckenmiller/good-debt-growth-is-when-you-borrow-money-and-it-goes-into-the-real/) [Stanley Druckenmiller](https://sms4smile.com/quotes/author/stanley-druckenmiller/) > [Until you separate the speculative behaviour of the financial sector from the real economy and the financing of the real economy, then we are…](https://sms4smile.com/quotes/sharan-burrow/until-you-separate-the-speculative-behaviour-of-the-financial-sector/) [Sharan Burrow](https://sms4smile.com/quotes/author/sharan-burrow/) ## More by Thomas Peterffy > [Never bend the rules. 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People will lose interest in really working hard…](https://sms4smile.com/quotes/thomas-peterffy/yes-in-socialism-the-rich-will-be-poorer-but-the-poor-will-also-be/) [Thomas Peterffy](https://sms4smile.com/quotes/author/thomas-peterffy/) > [I'm not connected to the Trump campaign in any way, shape, or form.](https://sms4smile.com/quotes/thomas-peterffy/i-m-not-connected-to-the-trump-campaign-in-any-way-shape-or-form/) [Thomas Peterffy](https://sms4smile.com/quotes/author/thomas-peterffy/) > [My mother had various jobs, from where she was regularly fired as politically undesirable. 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But I believed that in America, I could truly reap…](https://sms4smile.com/quotes/thomas-peterffy/it-was-a-big-deal-to-leave-home-and-my-culture-and-my-language-but-i/) [Thomas Peterffy](https://sms4smile.com/quotes/author/thomas-peterffy/) > [I paid $1.9 billion in taxes in my lifetime.](https://sms4smile.com/quotes/thomas-peterffy/i-paid-1-9-billion-in-taxes-in-my-lifetime/) [Thomas Peterffy](https://sms4smile.com/quotes/author/thomas-peterffy/) > [I think bitcoin and other cryptocurrencies are great ideas. 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By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…](https://sms4smile.com/quotes/perianne-boring/sir-richard-branson-started-out-as-a-small-business-owner-and-now/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…](https://sms4smile.com/quotes/perianne-boring/exchanging-bitcoin-on-behalf-of-ransomware-victims-should-not-be/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.](https://sms4smile.com/quotes/tyler-winklevoss/calling-bitcoin-volatile-it-s-a-non-statement-unregulated-assets-with/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [We see bitcoin as potentially the greatest social network of all.](https://sms4smile.com/quotes/tyler-winklevoss/we-see-bitcoin-as-potentially-the-greatest-social-network-of-all/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of…](https://sms4smile.com/quotes/barry-silbert/as-the-platform-and-protocol-become-more-ingrained-in-society-get/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.](https://sms4smile.com/quotes/andreas-antonopoulos/bitcoin-is-not-unregulated-it-is-regulated-by-algorithm-instead-of/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [The rudest possible gift is a gift card. It means you think the person is stupid and has no interests. The only good gift…](https://sms4smile.com/quotes/john-waters/the-rudest-possible-gift-is-a-gift-card-it-means-you-think-the-person/) [John Waters](https://sms4smile.com/quotes/author/john-waters/) > [If the U.S. government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and…](https://sms4smile.com/quotes/roger-ver/if-the-u-s-government-tries-to-restrict-or-clamp-down-that-just-means/) [Roger Ver](https://sms4smile.com/quotes/author/roger-ver/) > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn…](https://sms4smile.com/quotes/gavin-andresen/you-really-want-some-natural-way-for-people-to-get-bitcoins-as-part/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) [Browse all 364 Bitcoin quotes ](https://sms4smile.com/quotes/about/bitcoin/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.", "creator": { "@type": "Person", "name": "Thomas Peterffy" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/thomas-peterffy/what-i-am-objecting-to-is-linking-bitcoin-and-other-cryptocurrencies/", "about": { "@type": "Thing", "name": "Bitcoin" }, "@id": "https://sms4smile.com/quotes/thomas-peterffy/what-i-am-objecting-to-is-linking-bitcoin-and-other-cryptocurrencies/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/7f3/thomas-peterffy-22732_bitcoin_what-i-am-objecting-to-is-linking-bitcoi_2642957.png", "contentUrl": "https://sms4smile.com/quotes/i/7f3/thomas-peterffy-22732_bitcoin_what-i-am-objecting-to-is-linking-bitcoi_2642957.png", "url": "https://sms4smile.com/quotes/i/7f3/thomas-peterffy-22732_bitcoin_what-i-am-objecting-to-is-linking-bitcoi_2642957.png", "width": 1080, "height": 1080, "caption": "“What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real…” — Thomas Peterffy", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Thomas Peterffy", "item": "https://sms4smile.com/quotes/author/thomas-peterffy/" }, { "@type": "ListItem", "position": 4, "name": "What I am objecting to is...", "item": "https://sms4smile.com/quotes/thomas-peterffy/what-i-am-objecting-to-is-linking-bitcoin-and-other-cryptocurrencies/" } ], "@id": "https://sms4smile.com/quotes/thomas-peterffy/what-i-am-objecting-to-is-linking-bitcoin-and-other-cryptocurrencies/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```