Saudi billionaire investor Prince Alwaleed bin Talal told CNBC this morning that bitcoin will "implode" one day.
"I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making," Alwaleed said.
Alwaleed runs Kingdom Holding, a massive conglomerate whose investments include Citigroup, Apple and Twitter. The company is based in Riyadh, Saudi Arabia.
-RW
He's not saying much. Inevitably all currencies implode. I'm not a Bitcoin user, but it is interesting that that a chorus of anti-bitcoin soundbites are all coming out at the same time. Might be a contrarian indicator.
ReplyDeleteDebt based money will also implode
ReplyDelete