CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.
Some Nobel prize winner did say something along these lines and did not see much of the market been moved and Lloyds recent remarks were just a coincidence that bitcoin temporary lost this 20% which I believe shows that it is not a mere speculative currency.
I think by now we should already understand that no matter what they say about bitcoins, it has no effect on the current state of the investors on it. There's so much interested in bitcoin that not even China could do it. Maybe that's just a coincidence really that when he release his statement bitcoin drop a little.
But it has rebounded beautifully to $12K today, so that effect is short term only, if indeed those words from the critics has impact on the price. I wouldn't listen anymore to those who are attacking bitcoin, the words coming out of their mouth is non-sense and complete garbage.
I hope the OP have understood what we all been saying here. And please don't bother to listen to those butt-hurt bashers.