Israeli PM Netanyahu Says: Bitcoin Is Rising as Banks Are Destined to Disappear
This increase in the value of bitcoin this year and media coverage around it is surprising that not all the leaders of the world have talked about this topic so far. There is a political figure that we can now be confident that Israeli Prime Minister Benjamin Netanyahu is keeping an eye on Bitcoin
It was sitting on the dinner of the Israeli Parliament with the journalists on the cuff Q & A, the Prime Minister was asked to advise whether any person should invest in bitcoin or not. He answered, first of all, why cannot you sell money? Why not? That’s how it is. This is the reason that you cannot sell money that you are very worried and want an arbitration party to handle the risk. Stop this theft; all this stuff is the reason why banks are present. The bank is finally wasted to disappear? These answers are yes! Should this be done tomorrow and it should be done through bitcoin? This is a question but the truth is that what I have just said is that moving the bitcoin forward.
On being asked about the current rate of change, the Prime Minister said that nothing is present which can continue at this pace, it is not possible. This Netanyahu is a MIT graduate and before his political career he was an economic consultant for the Boston Consulting Group.
Crypto nation
This Israeli leader says that bitcoin is increasing because the banks have completely disappeared like many other countries, in the last two weeks Israel has been fired from Bitcoin Frenzy. These local media daily report price changes, it gives an interview to people who became millionaires in the night and show long lines of people waiting outside Bitcoin ATM locations in Tel Aviv.
These Israeli financial presses are also focusing on bitcoin because these days all the clippers related to clicks and viewers bring in. This is the biggest story at the moment that the Gold Company of Tel Aviv Stock Exchange is changing the bitcoin mining. Its share price rose sharply by 3,750% against the regulator. Currently there is another story in the headlines in this context that local cryptocurrency developer Calu has raised $ 14.5 million from Israel's largest holding company IDB Development Corporation. By the end of this month, ICO is also expected to announce the legal framework, welcoming the Islamic regulator.
When Netanyahu Says Bitcoin value is rising, it means this is the time to sell my Bitcoins.