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Tuesday, October 24, 2017

Bitcoin is 'Enron in the making', Saudi Prince Alwaleed says

Bitcoin is 'Enron in the making', Saudi Prince Alwaleed saysBillionaire Saudi Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, expressed skepticism about cryptocurrencies in an interview with CNBC on Monday, warning that bitcoin was like "Enron in the making". Prince Alwaleed, whose company invests in major U.S. companies such as Citigroup and Twitter, said a lack of regulation made such cryptocurrencies risky. It's Enron in the making," he said, referring to the U.S. energy company that filed for bankruptcy in 2001 after revelations of a widespread accounting fraud.




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