Post
Topic
Board Bitcoin Discussion
Re: Middle East Richest Business Man, Won't Invest In Bitcoin
by
orions.belt19
on 06/11/2017, 12:40:34 UTC
Al Waleed, Saudi Prince, Announced in an interview with cnbc that bitcoin have no future arguing "It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision".

Also the Saudi government prohibited the use of bitcoin in the country!

Source: https://www.cnbc.com/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html

My Comment:
Bitcoin exists 8 years ago, the price of bitcoin is not what real bitcoiners users search. Real bitcoiners joined bitcoin to enjoy privacy, transaction speed, secure ...


Regards,
Bitcoin Boy.





Just leave them they're rich people just let them what ever they're saying and watch your self.  So what if they won't invest with bitcoin. That's not matter we can still survive without them. Same as china they banned the use of bitcoin but still bitcoin user invest with bitcoin and earn a lot profit Those peoples are not really aware about the power of bitcoins.


Exactly. The richest man in the world can choose not to invest in bitcoin and it's their choice and right not to. They have the liberty to do what they want, we can't force bitcoin to everyone. Even if they're rich and influential, bitcoin would still go on even without them investing. I think that Saudi is still a very conservative and traditional country. From my understanding, they still practice and kept a lot of their old traditions so they're still probably not that liberated or open to new developments such as bitcoin. Some are just scared of something as decentralized as bitcoin just because it is not regulated and cannot be controlled. We all have our own personal views and investment preferences. We shouldn't take it against him and instead just continue to support bitcoin despite remarks like this. Perhaps they're already too rich that they're no longer interested to invest even further and get even more rich.