CEO Wells Fargo Call Bitcoin



The list of world bankers who criticized Bitcoin increased. The latest, Wells Fargo former Chairman and CEO Dick Kovacevich who called Bitcoin a form of fraud.

"I think it's a pyramid scheme, it doesn't make sense, I'm surprised that Bitcoin prices are no lower," he told CNBC, Tuesday (01/16/2018).

Before Dick, there was Jamie Dimon Chairman and CEO of J.P. Morgan Chase who opposes Bitcoin transactions. According to him Bitcoin is fraud. But then he pulled his words.

Although calling Bitcoin a fraud, Dick said the fraud occurred indirectly.

"No cheating happened. This is just a pyramid scheme. You bet someone will buy it and some people are right. Fundamental doesn't make sense, "Dick added.

Last Tuesday, the price of Bitcoin fell below US $ 12,000. This is the lowest price since 5 December. This decrease is due to the emergence of concerns
investors will plan the South Korean government to close all digital currency exchanges (cryptocurrency).

Pyramid scheme is a money game scheme popularized by Charles Ponzi. This scheme lures an investment with a substantial interest return.

One of the biggest pyramid schemes is Bernie Madoff. He managed to capture investor funds up to US $ 65 billion. The funds are not all returned to investors.
Lokasi: London, UK

Komentar

Posting Komentar

Postingan populer dari blog ini

BI: Number of Bitcoin Users in Indonesia Slumped, Remaining 300 Thousand

Gambar
                                                               Physical close-up display of bitcoin letters. Zurich, Switzerland. iStock Editorial / Erik Tham.                By: Addi M Idhom - April 5, 2018                                                                         Normal reading 1 minute Bank Indonesia is optimistic that the number of Bitcoin users in Indonesia will continue to decrease. The Central Bank also noted that the value of the virtual currency has continued to decline. Bank Indonesia (BI) claims the number of Bitcoin users in Indonesia continues to fall sharply. BI Director of the Pa...
Baca selengkapnya

DEFINITION OF CRYPTOCURRENCY

Gambar
Cryptocurrency is a technology that makes digital currency that uses cryptography for security that makes it unable to be falsified. The price value of cryptocurrency is largely determined by the buy and sell power of the users of this technology. Cryptocurrency or digital currency technology is currently highly developed by various companies and teams of engineers in various parts of the world. Even Google Ventures also invests in one of the Cryptocurrency technologies. There are already more than 500 cryptocurrency created based on conmarket.com. Some cryptocurrency has a variety of different concepts and some have other imitation coin concepts. Because the basic value of cryptocurrency is purely based on the buying and selling power that is not guaranteed by anything, cryptocurrency often has a value of more than 20% in a day which can actually be used to trade to get profit. Especially because in bitcoin.co.id the cost of trading cryptocurrency is 0% - pure barter. At the end of 20...
Baca selengkapnya

Bitcoin Trading Basic Techniques To Always Be Profit

Gambar
Through this article I want to give a few basic tips and tricks that Bitcoiners can use to gain ADVANTAGES in trading Bitcoin! NOTE FOR FOREX PEMENEN Many Bitcoin traders who were previously forex traders were a little confused when they first tried to participate in the Bitcoin.co.id market. Bitcoin trading is very different from forex trading because from the terms of the trading method even though it's different. From forex, we know two terms: Long and Short. Long is targeting rising prices to get profit and Short, which is targeting prices to go down to get profit. Whereas in the Bitcoin trade it is much more like buying and selling goods online, namely the existence of BUY and SELL. BUY means that actually buying goods in the form of Bitcoin and SELL means actually selling goods in the form of Bitcoin. So the profit is simple, namely the selling price minus the purchase price. So there is no term Margin Call and PIP in the Bitcoin trade. The sale of profit or loss goods. Note ...
Baca selengkapnya