As Bitcoin Sinks, Top ECB Banker Makes Bleak Warning Over Bitcoin Bubble – Billy Bambrough

1.jpg

Bitcoin prices have sunk sharply over the last 48 hours, but that decline has not been enough to convince some that bitcoin is not overvalued and headed for a crash, with cryptocurrency skeptics speaking out against the fledgling industry. One such blow to bitcoin and the wider cryptocurrency sector came from Benoit Coeure, a European Central Bank (ECB) Executive Board member, who was speaking at the Bank for International Settlements in Basel. Coeure labeled bitcoin “a combination of a bubble, a Ponzi scheme, and an environmental disaster,” it was reported by Bloomberg……….

Read more: https://www.forbes.com/sites/billybambrough/2018/11/16/as-bitcoin-sinks-top-ecb-banker-makes-bleak-warning-over-bitcoin-bubble/#2a13f241b79d

 

 

 

 

Your kindly Donations would be so effective in order to fulfill our future research and endeavors – Thank you

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.