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.htmlMy 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.
I've heard about this news also, the way he make the statement, we can tell that he don't understand the system of blockchain. Oil have been one of the good reserves for about a couple of decades, but this time it's on the brink of falling (because we are turning into renewable) why I am saying this (because the government of Saudi) makes a lot of money in oil . They are controlling supply and implemeting rules about that, but sooner about 100 years, oil won't be a good reserve anymore and their economy will fall.
Because of that " princely manner " of controlling thinks and regulating people, they can't accept the fact that we have now a technology that bypasses their control.
And I think these leaders (because they are representing their country) must do a proper research instead of just complaining that this thing " doesn't make any sense".