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“One of Asia’s largest banks says bitcoin is ‘a Ponzi scheme'” – CNBC | $6,354.90

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We see bitcoin as a bit of a Ponzi scheme,” David Gledhill, group chief information officer and head of group technology and operations at DBS, told CNBC on Wednesday.

Bitcoin transactions are “incredibly expensive” and “all the fees are hidden through the crypto-mechanisms,” he said on the sidelines of the Singapore Fintech Festival. “We don’t think DBS being in that game right now is going to create a competitive advantage for us.

Eulogy made by David Gledhill

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Maria Martinez is an esteemed blockchain enthusiast who has spent many years as a writer specializing in cryptocurrency and blockchain technology. With over a decade of experience navigating the complexities of this niche, Maria brings a meticulous eye for detail and an unwavering commitment to accuracy. Her background includes a degree in economics and her expertise is further solidified by her extensive research capabilities, writing experience, and her reputation for impartiality. Respected by both her peers and readers alike, Maria is dedicated to delivering reliable and trustworthy information that enhances the credibility of our content.

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