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LiteCoinGuy
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[2015-11-12] Bitcoin has no future, says UBS chairman Axel Weber

Thu Nov 12, 2015 7:51 am

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
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