...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.)
If he does not understand something the best thing he could say is, I do not know if asked anything about bitcoin, the fact that he recognizes that he is unable to understand bitcoin and yet he declares that bitcoin is just like Enron is the opinion of something so full of himself that he will not recognize a good investment like bitcoin even if it hit him in his rear end and very soon bitcoin will do exactly that and he will need to eat his words.