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Israeli PM Netanyahu Says Bitcoin Is Rising as Banks Are Destined to Disappear

Dec 15, 2017 Posted /  7020 Views

Israeli PM Netanyahu Says Bitcoin Is Rising as Banks Are Destined to Disappear

Bitcoin has been able to gain much of media attention and spotlight in the year 2017. While most of the people were unaware of its existence two to three years back, major part of the gains this year has resulted in a spectacular and extraordinary rally, which is inexplicable according to most of the rationale researchers. In spite of this entire buzz, administrators and government officials in most of the countries around the world are skeptical either to support Bitcoin or reject it completely.

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Nevertheless, Israeli PM Benjamin Netanyahu in a recent Q&A session with the reporters was presented the question of whether or not to invest in Bitcoins. The famous Israeli PM gave a very interesting and appropriate perspective to the very question by elaborating that if we are presented with the option to sell money, most of us don’t exactly understand the regulations, which is why we trust mediators. He enlightened that Banks are the mediators and very soon they will disappear. He further remarked that he is not sure whether the Bitcoin could be a reason behind the Bank’s doom but the very rationale is helping in the surge of Bitcoin.

The reporters at the session were highly intrigued by the answer and asked the follow-up question on his discretion about market volatility and the present rate of changes, to which Netanyahu replied that,

“Nothing exists that can continue at that pace, it’s not possible”

It is noteworthy here that the Israeli PM is an MIT graduate and was the economic consultant of the Boston Consulting group prior to making a career in politics.


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Tags: bitcoin Benjamin Netanyahu

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