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Bitcoin hype worse than ‘tulip mania’, says Dutch central banker
Posted By admin On December 5, 2013 @ 5:53 am In World News | Comments Disabled
London Guardian 
December 5, 2013
The former president of the Dutch Central Bank, Nout Wellink, has told students at the University of Amsterdam that the hype around bitcoin is worse than his country’s Tulip mania in the 17th century.
“Sooner or later the facade will fall”, Wellink said, calling bitcoin “pure speculation” and “hype” according to comments reported in the Dutch press.
“This is worse than the tulip mania,” he continued. “At least then you got a tulip [at the end], now you get nothing.”
Wellink’s comments follow a warning from the Dutch Central Bank about the risks of virtual currencies like bitcoin, which fall outside Dutch financial supervision laws.
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URL to article: http://www.prisonplanet.com/bitcoin-hype-worse-than-tulip-mania-says-dutch-central-banker.html
URLs in this post:
 London Guardian: http://www.theguardian.com/technology/2013/dec/04/bitcoin-bubble-tulip-dutch-banker
 Bitcoin Is Going On An Astronomical Tear: http://www.prisonplanet.com/bitcoin-is-going-on-an-astronomical-tear.html
 The bitcoin bubble: Why speculative bitcoin buy-ins now point to a disastrous bitcoin crash: http://www.prisonplanet.com/the-bitcoin-bubble-why-speculative-bitcoin-buy-ins-now-point-to-a-disastrous-bitcoin-crash.html
 Top bitcoin exchange freezes, arbitrarily shuts down, proving you will not be able to get out of bitcoin when you want to: http://www.prisonplanet.com/top-bitcoin-exchange-freezes-arbitrarily-shuts-down-proving-you-will-not-be-able-to-get-out-of-bitcoin-when-you-want-to.html
 Bitcoin Goes On Insane Move Overnight As It Surges To $145 And Then Plunges To $126: http://www.prisonplanet.com/bitcoin-goes-on-insane-move-overnight-as-it-surges-to-145-and-then-plunges-to-126.html
 China warns banks to avoid bitcoin: http://www.prisonplanet.com/china-warns-banks-to-avoid-bitcoin.html
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