"Bitcoin will implode"...

[The_Dark_Knight]

"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..."

I guess we will be hearing a lot of these kind of comments from big guys.
It doesn't make sense to him or any other of his kind because all they want are slaves, people who working for them for nothing and barely can buy food to survive a month.
They think if something is not regulated or banks can't do shit about it then it is not real, i am sick tired of listening what they are saying - all of them.
What they are doing here is FUD and nothing more.

This is correct, it is not that they do not understand, they do since they are smart, what they do not understand is why the slaves want to stop being slaves, for us it is very obvious since, who in his right mind wants to be slave of corporations? But for him that stands at the top, the system is working as intended and they do not want to change it.

[thinair]

He is comparing it to Enron. I think it is just a case of sour grapes. He missed investing in it and now he thinks it will implode. Just like Jamie, he feels threatened by Bitcoin.

Considering he is among the richest *fiat* holders on the planet, he should feel threatened by Bitcoin which undermines his whole empire

Comparison with Enron is of course incorrect.

Most of you don't understand the difference between wealth and "fiat". Fiat is money supply at any one time - M1,M2,M3,etc.  A person may own 30,000 shares in Facebook and keeps only $20,000 in his current account; his "fiat" is only $20,000. Alwaleed is never threatened by bitcoin.

Bitcoin and other crypto will never be a threat to central government banking.

Crypto and bitcoin's only use is to transfer wealth (not fiat) from the bottom 95% to the top 5 % - nothing else.

[thinair]

You have to be involved in Bitcoin and use Bitcoin to really know what it's worth. If he has not used Bitcoin then what he says is worthless because he knows nothing.

No sane person can "use" bitcoins. No sane merchant can make use of bitcoin to replace fiat for payments. Ok there are such BTC debit cards, etc. It's hyped silliness.

When shopping or buying online, just use your credit/Visa card and pay with your fiat money! Why roundabout <--, -->, <-- ... ad infinitum.