Prime Minister Benjamin Netanyahu (Benjamin Netanyahu) believes that bitcoin will destroy the banks. In his opinion, this is evidenced by the growing demand for cryptocurrency.
«Banks are doomed to extinction. When will it happen and will it happen because bitcoin is another question,» — said the Prime Minister of Israel.
Netanyahu said that banks should protect their customers, offsetting risks and preventing theft. He didn’t say exactly how banks will disappear, but believes that this is due to the rapid growth of cryptocurrency prices.
With all this, the Prime Minister of Israel is confident that bitcoin price will fall soon.
«Nothing can ever grow with such speed,» he concluded.
Prior to his political career, Benjamin Netanyahu, a graduate of the Massachusetts Institute of technology, was an economic consultant with the Boston Consulting Group.