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?
Of course they won't agree with Bitcoin, the cryptocurrency is threatening them so the way it can be solved is to attack directly the reputation of the currency, its obvious they are BANKS and the competition is CRYPTO which is very popular right now.