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VTB CEO considers bitcoin “fake”

In the list of well-known bankers, skeptical about the future of the crypto currency, came in and Andrey Kostin, who holds the post of president of VTB. Kostin considers “fake” bitcoin – the most popular crypto currency in the world.

According to the head of VTB Bank, the stepwise growth of the bitcoin course will inevitably result in a subsequent collapse, since this sphere will necessarily become the subject of regulation by the state.

Kostin said that he Considers Bitcoin as an unreal currency. Despite this, he agrees that the market for monetary units issued by someone other than the government is currently on the rise, which from his point of view is rather unusual. At the same time, the head of VTB does not doubt that bitcoin and similar crypto-currencies can not replace conventional means of payment.

The head of the banking organization said that he never resorted to mining in his life .

In the autumn of last year Kostin already warned Russians that all crypto-currencies that are not under state control are a poor target for investment.

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VTB CEO considers bitcoin “fake”


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