In its short lifespan of 10 years, Bitcoin has seen many obituaries. The latest one is by SocGen CEO, Frederic Oudea, who feels that Bitcoin has no future because of its anonymity.
Governments will clamp down
Fredric Oudea believes that the future of Bitcoin and other virtual currencies is dim, primarily because he expects governments and regulators to clamp down on them. The reason he gives is the anonymity involved in these transactions, which might facilitate illegal activities ranging from money laundering to terrorist financing.
Speaking to CNBC at the Web Summit conference in Portugal, Fredric Oudea said: […]
Read Full: Industry CEO Believes Bitcoin’s Anonymity Dooms It, Predicts Governments Will Ban
