Saudi Billionaire Alwaleed Sees Enron-Like Demise for Bitcoin
Why Investors Are Piling Into Bitcoin
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Saudi billionaire Prince Alwaleed is joining the long line of skeptics saying bitcoin is a bubble as the digital currency continues to set record highs.
“I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making," Alwaleed told CNBC in an interview. "It just doesn’t make sense. This thing is not regulated, it’s not under control, it’s not under the supervision" of any central bank, he said.