The news is all about trading you some news that is affected in the market
Warren Buffett
Warren Buffett, the most famous Wall Street billionaire, said that "what is happening now will certainly lead to a bad end," referring to the huge rises and huge profits recorded by digital currencies in the world. Buffett, the chief executive of Berkshire Hathaway, said his company had no interest in encrypted digital currencies and was not considering investing or dealing with them. "We do not have any digital currency, and we do not think about it anytime soon. We will never have a place in this market," he said.
Janet Yellen
Federal Reserve Chairman Janet Yellen described the digital currencies as "speculative" and that they are not a stable source of value and are not legal currencies. In her last press conference as president of the US Central Bank, she described the risks posed by " Plays a small role in the US payments system and has responded to fears of losing money in such financial instruments by saying: "I do not see a major risk to financial stability."
Jimmy Demon
JPMorgan's chief executive, Jimmy Demon, regretted describing it as a means of fraud that would benefit some in countries such as Venezuela, Ecuador or North Korea, and drug dealers and killers could also benefit from it. Demon likened it to being worse than "tulip flowers," referring to the "tulip frenzy" or so-called "manic obsession" that formed one of the worst economic bubbles in the world during the 17th century.
Stephen Menuchin
WASHINGTON (Reuters) - US Treasury Secretary Stephen Menuchin warned on Tuesday not to allow the digital currency to be used to disguise illegal activities, pledging press statements to work with other governments, including the G20 governments, which include the world's largest economies to monitor the activity of those investing heavily in the encrypted currency. "We have to ensure that bad people can not use this currency to do bad things," Menuchin said.
@zer0hedge