Post
Topic
Board Bitcoin Discussion
Re: Middle East Richest Business Man, Won't Invest In Bitcoin
by
soham
on 06/11/2017, 22:43:38 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.


Saudi is very similar to North Korea. Their citizens have billions of dollars but they don't have the ability to work. They are banking on Oil, which is going to be depleted over time. Or if someone can create a machine which will let vehicles use water instead of Oil, their economy will be doomed. They don't allow their women to drive or go to play ground to cheer for their favorite team. DO you think their statements will have any value to the tech-savy mass?? I don't think so. Saudi was always a very conservative country. They don't have brains to run their business so they hire from outside to run their business. So their statement on financial matters doesn't hold any weight. Chill and Ignore!