“Bubble, Ponzi, An Environmental Disaster”: Central Banking Chief Blasts Bitcoin While Global Stock Market Loses Trillions

in #ponzi-scheme7 years ago

This instant whose title was the money in these digital age and he came to talk about bitcoin. It did not come to Frankfurt to talk about Carstens equity. Its central bank Tuesday took the stage in the Gate University House of Finance.

Against this backdrop, Agustin Carstens gave the name of central bank to the general manager of the bank for international settlement. Investors leaving this are investing in gold and other alternative investments to prevent bleeding in their portfolio. These global stock markets have lost an estimated $ 4 trillion during the past eight days. Its bustling Bitcoins and other cryptocurrencies are both poor and have techniques and poor payment systems. What is this role for central banks?

Source https://www.ccn.com/a-bubble-a-ponzi-scheme-and-an-environmental-disaster-banking-chief-blasts-bitcoin-as-stock-market-loses-trillions/

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