Monday, October 23, 2017

Prince Alwaleed Says Bitcoin Will Implode: 'Enron in the Making'

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.



  1. 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.

  2. Debt based money will also implode