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Bitcoin is a 'pyramid scheme,' warns former Wall Fargo CEO Dick Kovacevich

Retrieved on: 2018-01-15 23:33:45

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<div>Former Wells Fargo Chairman and CEO Dick Kovacevich told CNBC on Tuesday that he believes <b>bitcoin</b> is a scam. "I think it's a pyramid scheme. It makes no sense. I'm just surprised it isn't even lower," he said on "Squawk on the Street." <b>Bitcoin</b> tumbled to a six-week low early Tuesday, falling below ...</div>

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