Partner Bambos Tsiattalou comments in Business Insider in relation to regulators sharpening their focus on bitcoin and its use in the international financial system.

Bambos’ comments were published in Business Insider, 14 January 2021, and can be found here.

Bambos’ comments were also published in Head TopicsCrypto News BTCTechfansBusiness Insider NetherlandsBusiness Insider IndiaThe DowntownMoney Training ClubUSA News Site, Business Insider Mexico, This Is Money, Money Marketing, Business Insider Australia and MSN News.

“Bitcoin and cryptocurrencies alike are destined to fail. The stringent regulations anticipated for cryptocurrencies will not solve a fundamental problem. Many people buy Bitcoin and other cryptocurrencies because they are worried about and don’t trust fiat currencies. However, the problem with all cryptocurrencies is that they actually have no real intrinsic value; they are actually worthless. The only thing that more stringent regulation will do is make the current speculative demand for cryptocurrencies wane, which will ultimately lead to all cryptocurrencies reaching their true monetary value of zero, making it one of the biggest Ponzi schemes in recorded history.”

Stokoe news header - royal courts

01 Mar 2021

Rich suspected criminals whose assets are frozen ‘should no longer receive legal aid’

READ MOREREAD MORE

Stokoe news header - phone

25 Feb 2021

Partner Bambos Tsiattalou writes for The Times regarding EncroChat investigation

READ MOREREAD MORE

Related News

Stokoe news header - royal courts

01 Mar 2021

Rich suspected criminals whose assets are frozen ‘should no longer receive legal aid’

Stokoe news header - phone

25 Feb 2021

Partner Bambos Tsiattalou writes for The Times regarding EncroChat investigation

Stokoe news header - London

09 Feb 2021

Partner Bambos Tsiattalou comments on SFO’s attempt to flout jurisdiction rules in Compliance Week