RATE Group | Why Bitcoin Isn’t the ‘Swindle of the Century’
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Why Bitcoin Isn’t the ‘Swindle of the Century’

09 Sep Why Bitcoin Isn’t the ‘Swindle of the Century’

Posted at 13:15h in Bitcoin News by

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On Wednesday, Bitcoin experienced another sudden price drop. As usual, it was the cue for  “nocoiners” to parrot their tired rhetoric.

Bitcoin Isn’t BS

Writing for the Entrepreneur, Richard Van Staten, the CEO of a company called “Quantum Solutions,” referred to Bitcoin 00 as the “swindle of the century,” and said the cryptocurrency was “BS.” A strong argument could be made that the housing bubble of 2008 is the swindle of the century. For now, the focus will remain on the cryptocurrency market alone.

In 2017, the World Bank reported that there were over 2 billion unbanked and underbanked people in the world. Whether due to government negligence or some other reason, these people faced the worst form of financial exclusion. Now, thanks to Bitcoin and cryptocurrencies in general, some of these people are beginning to enjoy access to financial services.

World Bank in the evening.

Natives of locales in Asia and Africa previously had to pay excessive fees to send money to their loved ones…

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