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 ofcourse it would not affect us considering that we know the truth. That bitcoin is not a scam us what he said. Maybe he did not know anything about bitcoin for him to say those things. Or maybe he is just bluffing so people will sell their bitcoins and he will buy many.