I think it’s a pyramid scheme. It makes no sense. I’m just surprised it isn’t even lower. There’s no fraudulent thing going on. It’s just a pyramid scheme. You’re betting that somebody is going to buy it. And some people have been right. The fundamentals make no sense.
BITCOIN IS A PYRAMID SCHEME, WARNS FORMER WELLS FARGO CEO DICK KOVACEVICH
Former CEO, Wells Fargo
Source: CNBC