...says Saudi billionaire investor Prince Alwaleed bin Talal. He added,
"It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision [of any central bank]... 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..."
Read more of it here:
https://www.c[Suspicious link removed]m/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html
What do you think guys? Does his opinion have any real or historical basis? Or is his just a misinformed opinion?
(Note: I know that this post should probably be in the child board
Press, but most of the stuff going on there are just news postings and not much else. I just want to know your informed and intelligent take on his opinion. Thanks.)
For most of his statement, he's making sense. He's essentially saying that Bitcoin is decentralized but in a way that may not seem super positive or reinforcing. As for the last part, it's solely his belief that a lot of people refute and do not agree with. I don't understand the Enron reference, however. Enron was a scandal that had a lot of false numbers and false claims. Bitcoin doesn't have that one entity to bullshit numbers.