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

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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

 

 

 

 

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