One of Europe’s Longest-Serving Bank Chiefs Isn’t a Bitcoin Believer

One of Europe’s longest-serving bank chiefs isn’t a bitcoin believer.

Treichl discusses bitcoin and why he says central banks will not allow the cryptocurrency to happen.Source: Bloomberg

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By Boris Groendahl and Guy Johnson

November 30, 2017 at 11:08 AM UTC

Corrected

December 1, 2017 at 10:00 AM UTC

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One of Europe’s longest-serving bank chiefs isn’t a bitcoin believer.

Andreas Treichl, the 65-year-old chief executive officer of Austria’s biggest lender, Erste Group Bank AG, says that his kids think he’s “really stupid” when it comes to cryptocurrencies. “They think they could have made a lot of money and I didn’t allow them to invest in it,” Treichl said in an interview with Bloomberg Television.