Header Ads

Trust God

Bitcoin Is 'Going to Implode' .........Saudi Prince Al-Waleed:



Another influencial personality is out speaking about Bitcoin.  The Saudi Prince Al-Waleed bin Talal believe that Bitcoin is another Enron in the making.  

Prince Al-Waleed bin sharply criticized bitcoin during an appearance on CNBC today, saying that he agrees with JPMorgan CEO Jamie Dimon's assessment that the cryptocurrency is a "fraud."

"I just don't believe in this bitcoin thing," Al-Waleed said, according to a transcript published by CNBC. "I think it's just going to implode one day.

When asked about the specific comparison between bitcoin and the infamous American energy company that fell apart in the early 2000s amid revelations of massive accounting fraud, Al-Waleed reiterated his position that he "just doesn't believe in bitcoin completely."

Al-Waleed went on to say  "It doesn't make sense. This thing is not regulated. It's not under control. It's not under the supervision of any federal – elect – United States Federal Reserve or any other central bank. I don't believe in this whole thing at all. I think it's going to implode."

It was then that Al-Waleed – a Saudi royal family member who, as head of the Kingdom Holding Company, has an estimated net worth of more than $17 billion – said he agreed with Dimon, who issued the now-infamous remark last month that he believes that bitcoin "is a fraud."

incidentally, Dimon has since re-phrased his remarks.

Friend, Jesus came looking for you. Give your heart to Him, Love the Lord with all your heart, strength and might.  Love your neighbour as yourself, hold no offence, no bitterness - the Lord is near you to help you!


FIRE...
Powered by Blogger.