https://cointelegraph.com/news/bankers-criticize-crypto-always-goes-back-to-the-same-argument-intrinsic-value
Finance experts in the traditional finance industry often attempt to discredit Blockchain projects and open-source cryptocurrencies like Bitcoin and Ethereum. But, without solid logical arguments, a lot of baseless claims from the finance sector have proven to be ineffective.
In December 2017, Bruce Flatt, CEO at asset management company Brookfield, which is based in Canada and oversees around $250 bln in assets, stated:
“It [Bitcoin] has no intrinsic value. I don’t know what it is. But it has no intrinsic value in our definition of intrinsic value. If someone else wants to speculate on it or invest in it, it’s for them. It’s not for us.”
Banks Will never stop it argument?
Finance experts in the traditional finance industry often attempt to discredit Blockchain projects and open-source cryptocurrencies like Bitcoin and Ethereum. But, without solid logical arguments, a lot of baseless claims from the finance sector have proven to be ineffective.
In December 2017, Bruce Flatt, CEO at asset management company Brookfield, which is based in Canada and oversees around $250 bln in assets, stated:
“It [Bitcoin] has no intrinsic value. I don’t know what it is. But it has no intrinsic value in our definition of intrinsic value. If someone else wants to speculate on it or invest in it, it’s for them. It’s not for us.”
Banks Will never stop it argument?
Great article. "Bubble...fear..." Well, this is how it is going to be seen for a while, I'm afraid. But do not let them fool us. I believe behind those all critical thoughts about bitcoin they should be some ideas about how to control it. I don't know, but, surrounding the cryptoworld there is too much money, so it is difficult for me to believe banks are not interested in them.
If they don't climb to the crypto mountain, they don't have any future, so I am sure they have some counsellors around telling them so. What are the banks going to do? Their own crypto? Their own exchangers? I do not know yet, but, for sure they are into something. The rest: just smoke, air, and stupid opinions trying to get the people far from the crypto world 'till they can just take a bite of it.
