Prince of Saudi and Bitcoins

In the past Saudi Prince Talal described Bitcoin as a bubble, calling it “Enron in the making.”

Within months after his criticizm about Bitcoin, Talal was asked by the Saudi government to offer most of his net worth to the government as a price for his freedom, which could have been avoided if his wealth was stored in a decentralized store of value.

Prince said Bitcoin was no good because there is no central government and no central bank. And then a week later, the central bank and the central government rips out all of his net worth. If he had them in Bitcoin, he wouldn’t have that problem. He is like a poster child for why you should buy Bitcoin.