RBS’s Davies Says Bitcoin Is ‘Irrational Exuberance’



Dec.07 -- Howard Davies, chairman at RBS, discusses bitcoin as the cryptocurrency surges above $15,000. He speaks on "Bloomberg Surveillance."

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2 Thoughts to “RBS’s Davies Says Bitcoin Is ‘Irrational Exuberance’”

  1. Dinosaurs. Stop crying, start buying.

  2. It's already traded in 4 major markets. Futures will only cause short sellers to put their wallstreet money into it, only to lose it once bitcoin goes up after you buy shorts. Supply is limited so demand is causing the value to go up, since most people can clearly see it is superior to bank transfers, which is a billion dollar market easily. So therefor, if a bank is now a billion dollars and bitcoin makes it a useless bank (like close to border international transfer profiting banks) those banks will lose to bitcoin in the near future because bitcoin is cheaper and faster to send money to another currency now, especially japan and usd currencies, easily tradable with very low transfer fees (unlike big banks with insane costs to trade usd to another)

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