Cardano founder Charles Hoskinson decided so share Tale includes him experience with now-struggling Credit Suisse bank.
Hoskinson recounted this story in broadcast his podcast on March 20th back in 2014, while it was in Ethereum (ETH) based in Switzerland, Credit Suisse, who last year made big Headlines, refused to open an account. The company claimed that cryptocurrencies were extremely dangerous and unstable work with.
In particular, the inventor of Get Cardano out the irony of everyone of the problems that Credit Suisse and the banking sector as a whole are going through at the moment, in Context of that it critical Attitude towards cryptocurrency and Hoskinson himself nine years ago:
According to Hoskinson, Banking system It inevitably started to fall apart because it was always a Ponzi scheme. The Cardano founder confirms that this scheme is in place on take the other people’s money” And using to increase and create money Into existence, give on him people everyone over the worldand then reap even unexpected profits from it people start to feel the vibration, in In this case users socialize their losses and give These same losses to society, which is exactly what was happening for years in banking industry.
that it also worth Noting that former CEO of Credit Suisse announced, Tidjan Thiam bitcoin (BTC) “same definition of bubble” back in November 2017, adding to the irony of the bank’s current The country and its historical attitude towards cryptocurrencies. Thiam argued that “the only reason to buy or sell bitcoin money”ignorance asset.
Meanwhile, Credit Suisse’s stock continued to plunge with the UBS merger failed To allay investor fears. Latest data from Google Finance on March 21st shows The stock is down nearly 65% in the past five days and about 70% on monthly planner.
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