Bitcoin Is Dead

January 16, 2018
Bitcoin Price: $11348.02

BITCOIN IS A PYRAMID SCHEME, WARNS FORMER WELLS FARGO CEO DICK KOVACEVICH

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.

Former CEO, Wells Fargo


Source: CNBC