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Prince Alwaleed Bin Talal Alsaud about Bitcoin
After the largest digital currency Bitcoin had shot up to 6,100 dollars in the meantime, and has thus already achieved a Kursplus of 760 percent in the last twelve months, the voices of those who warn of a collapse are increasing. Now Saudi Arabia is also critical, the richest man in the region, Saudi Prince Alwaleed bin Talal, has used the digital currency for a little flattering comparison.
In an interview with CNBC, the Saudi Prince Bitcoin has compared to the energy group Enron.
"Bitcoin is the new Enron,"
said the billionaire. The scandal surrounding the energy company shook the stock exchanges in 2001. The company had been forced to forge a balance sheet and had to file for insolvency.
Enron had entered into an ambitious ambition: Electricity and gas were to be traded like shares. Enron himself had risen to become one of the world's largest trading platforms as a result of the vision. The company's share price had exploded. Enron managers had invested millions with stock options. Until 2001 a massive balance sheet was evident, which cost investors and pension funds billions.
Alwaleed bin Talal is now expecting a scandal of similar proportions as well at Bitcoin.
"Bitcoin will one day implode,"
said the businessman.
"I just do not believe in this bitcoin thing"
. It just does not make sense, it is not regulated, not controlled and not under the supervision of a central bank, justifies its assessment.
Bitcoin seem unimpressed about negative messages
Despite the ever-present warnings of a possible crash and the highly speculative nature of cryptic propaganda in general and bitcoin in particular, the market leader among the digital currencies has been largely unimpressed. In the past few months, however, there have always been a number of significant resetters, but these have always been followed by recreational phases that brought the digital token higher than before.
For the CEO of Ritholtz Wealth Management, Josh Brown, the Bitcoin assessment of Alwaleed bin Talal is therefore also not convincing. "To say that the Bitcoin is going to explode is not founded, according to the asset manager against CNBC, instead of expecting regular explosions, but that does not mean that the Bitcoin will survive each of these collapses, Brown continues which Bitcoin expresses, is not a surprise to him because of the connection to the Saudi Arabian family of rulers, and finally, an important feature of Bitcoin is to be a global currency outside state control.
Source: http://www.finanzen.net
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