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1  Economy / Speculation / "Bitcoin will implode"... on: October 23, 2017, 11:38:42 PM
...says Saudi billionaire investor Prince Alwaleed bin Talal. He added,

Quote
"It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision [of any central bank]... I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making..."

Read more of it here: https://www.c[Suspicious link removed]m/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html

What do you think guys? Does his opinion have any real or historical basis? Or is his just a misinformed opinion?

(Note: I know that this post should probably be in the child board Press, but most of the stuff going on there are just news postings and not much else. I just want to know your informed and intelligent take on his opinion. Thanks.)
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