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?
It's a bank. So what do you expect.
Bitcoin is probably the biggest threat to them since they exist.
And they know this very well! So they will do anything to slow down it's further progress.
Bitcoin can't be stopped, if they like it or not. The glorious days of banks as we know them today are going to find an end sooner or later.
100% agree... Banks and Gov's are worried, it threatens there businesses and current financial models