Speaking on CNBC yesterday, former chairman and CEO of Wells Fargo Bank Dick Kovacevich made the statement bitcoin a scam.
"I think it's a pyramid model, it does not make sense, I'm just amazed that bitcoins are not going down," he said on CNBC's "Squawk on the Street."
What do you think about this statement?
Well he is a former CEO of Wells Fargo so its just normal for people like him to say such statements simply because they are against of the gaining popularity of bitcoin. They are seeing it as a threat due to some account holders are moving their savings to invest in crypto thinking it was better than let your money sleep in the bank.
Haters dont have any good to say for crypto so giving them attention is a waste of time.