Banks Are Wrong to Embrace Bitcoin, Economist Nielsen Says

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  • Bloomberg Markets and Finance published this video item, entitled “Banks Are Wrong to Embrace Bitcoin, Economist Nielsen Says” – below is their description.

    Jan.21 — Erik Nielsen, chief economist at UniCredit Group, says Bitcoin is only useful for criminal activity and that he would be “shocked” if European banks began to trade the cryptocurrency. He speaks with Bloomberg’s Tom Keene on “Bloomberg Surveillance.”

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    In This Story: Bitcoin

    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.

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