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Bitcoin Savaged By BIS As ‘A Bubble, Ponzi Scheme And An Environmental Disaster’
CNBC
"“While perhaps intended as an alternative payment system with no government involvement, it has become a combination of a bubble, a Ponzi scheme and an environmental disaster,” he said. “The volatility of bitcoin renders it a poor means of payment and a crazy way to store value.”"
Augustin Carstens, General Manager, Bank for International Settlements