Bitcoin has no future, says UBS chairman Axel Weber at Bank of England's Open Forum
The chairman of investment bank UBS, Axel Weber, has played down the potential of crypto-currencies such as Bitcoin.
During a discussion at the Bank of England’s Open Forum, he said private currencies will fail to take off “because there is no lender of last resort – there will always be boom and bust”.
https://www.cityam.com/228544/bitcoin-h ... open-forum