Author

Topic: National Australia Bank Calls Bitcoin a Bubble with under 2000 Merchants (Read 873 times)

newbie
Activity: 42
Merit: 0
Emma Lawson is and remains an ignorant, not worth reading
full member
Activity: 124
Merit: 100
sr. member
Activity: 434
Merit: 250
what nabs they are. well, at least i agree with them that bitcoin is nowhere near ready to replace fiat.
sr. member
Activity: 323
Merit: 250
The lion roars!
The NAB says Bitcoin isn't ready to replace fiat, and calls it a bubble as its value is too high for the less than 2000 merchants accepting it... I don't know where they pulled that number from, but it reflects the overall quality of their thinking. Full article here.
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