Prince Alwaleed Bin Talal Bashes Bitcoin. “It’s the Next Enron” (Video)

October 23, 2017 @ 9:14 am By JD Alois

“I just don’t believe this Bitcoin thing.” – Prince Alwaleed Bin Talal

Kingdom Holding Company Chairman Prince Alwaleed Bin Talal was interviewed on CNBC today where he discussed a plethora of political and financial topics. The one that appears to be capturing the most attention is his comments on Bitcoin, or cryptocurrency in general, as he stated, “I just don’t believe this Bitcoin thing.”

The Prince went on to describe Bitcoin as Enron-like, referencing one of the most famous financial frauds of all time. “Enron in the making.” said the Prince.

He went on to criticize Bitcoin as it is unregulated and not under the control of any governmental agencies such as the Federal Reserve. Of course, this lack of government control is part of the global appeal of Bitcoin.

“I am in agreement with JP Morgan, said Prince Alwaleed. Referencing Jamie Dimon’s famous comment where he labeled Bitcoin a fraud.

Meanwhile, the exchange rate of one BTC has rocketed in the last year recently touching $6000 per BTC.

Watch the video below.

Prince Alwaleed Bin Talal: Bitcoin will ‘implode’ one day from CNBC.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 23, 2026 vs Jan 1, 2025 - Oct 23, 2025

Number of Filings131Prior 125 +4.8%

Target Raise, Total$3.40BPrior $3.54B -3.9%

	This YTD	Year prior	Change
Filings	131	125	+4.8%
Target raise	$3.40B	$3.54B	-3.9%

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Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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