/Bitcoin is a 'pyramid scheme,' warns former Wells Fargo CEO Dick Kovacevich

Bitcoin is a 'pyramid scheme,' warns former Wells Fargo CEO Dick Kovacevich



Kovacevich says he believes bitcoin is a scam. “It makes no sense. I’m just surprised it isn’t even lower.” Bitcoin tumbles to a six-week low, falling below $12,000 for the first time since Dec. 5, according to CoinDesk. Last week, J.P. Morgan chief Jamie Dimon said he regrets calling bitcoin a fraud, but …

Source: Bitcoin is a ‘pyramid scheme,’ warns former Wells Fargo CEO Dick Kovacevich