World Bank chief UBS and embarrassed Bitcoin skeptic Paul Donovan doubled mistrust on the cryptocurrency on November 29, calling it "fundamental mistakes."
Speaking to CNBC's Fast Money segment, Donovan, who earlier this week released an internal blog called "I'm about to bury Bitcoin, not to celebrate," repeated the criticism of the instrument. innovative financial
"I think everyone with high school education has always been skeptical of Bitcoin," he said to the network, adding:
"These things will never be currencies; they will no longer be in the future, they are fatally deficient."
Donovan quoted Bitcoin's price as about $ 4,200, after falling to $ 3,500 last week.
Referring to the so-called "bubble" in the crypto-foreign exchange account often used by other opponents, such as economist Nouriel Roubini and JPMorgan Jamie Dimon CEO, it seems that UBS employees who left the bank to create a start blockade " hype."
"The fundamental blockchain technology, the system of large-scale distribution of books is different," he said, pointing out:
"There is an economic proposition; again, there is a little hype around it, but it goes to" Bitcoin will replace the dollar "is a step forward."
UBS had earlier warned Bitcoin in December 2017, while using the same language as "fatal mana" and the inability to cryptocurrency be a currency or value to defend its cause. Against the industry.
The blog this week went a step further, saying that Donovan Bitcoin Fundamental Developers were "brilliant in math" but "they do not seem to know anything about things economics."
"Giving money to creators of crypt valued was not useful," he said.
Last month, the French court refused UBS's request to release money laundering against the bank, which would result in a $ 6 billion fine.