Partner Bambos Tsiattalou comments on Bitcoin facing regulatory scrutiny in Business Insider

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 Topics, Crypto News BTC, Techfans, Business Insider Netherlands, Business Insider India, The Downtown, Money Training Club, USA 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.”