Bitcoin Is ‘Laughable’ Payment Option, J.C. Flowers Boss Says
Chris Flowers.
Photographer: Chris Ratcliffe/Bloomberg
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One of the most high-profile private equity investors in financial services says the largest digital asset by market value isn’t a suitable payment option.
“Bitcoin is really laughable as a serious alternative payment method,” J.C. Flowers founder Chris Flowers said at the last day of Berlin’s SuperReturn conference, where he was speaking about fintech valuations. “It’s too slow, too expensive.”