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?
Besides the fact that wells fargo = scam.
This guy is 74 years old, don't take advice about crypto from people who do not use and/or understand the underlying technology anyway.