Israel’s Prime Minister believes bitcoin will destroy banks

On December 12, Prime Minister Benjamin Netanyahu openly commented on the future of banking, seen through a youtube video. He believes that blockchain technology will replace traditional banks as a result of bitcoin’s growth this year. srael, like many other countries, is currently under a digital currency craze. There have been local media reports of daily price changes and overnight millionaires. There are reports of people queuing outside Bitcoin ATMs in Tel Aviv. Despite this frenzy, Prime Minister Benjamin Netanyahu, an MIT graduate and previously, an economic consultant for the…

Read More