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Richest Saudi Prince Issues 'Fatwa' on Bitcoin

Saudi Arabia’s Bin Talal is Bitcoin ‘Poster Boy’ – Max Keiser

Max Keiser has publicly called arrested Saudi Prince Alwaleed bin Talal a “poster boy for why you should obtain Bitcoin.”

In a bout of the Keiser Report on Russia Today, the outspoken Keiser said the world’s richest Arab “wouldn’t have the problems” he’s currently facing had he bought Bitcoin.

 Bin Talal happens to be under ‘house arrest’in the Ritz hotel in the Saudi capital Riyadh, where he’s reportedly sleeping on an inflatable mattress.

Previously, he’d said he “doesn’t rely on this Bitcoin thing” and that the virtual currency is “Enron in the making.”

 

Saudi authorities have confiscated bin Talal’s assets totaling around $33 bln included in an alleged crackdown on corruption by King Salman.

“He dissed Bitcoin and now he’d all his wealth confiscated,” Keiser continued.

 

Suspicions are meanwhile mounting regarding nature of the multiple arrests of Saudi princes. Assets worth $800 bln are considered as targets and western media have posed the question regarding whether King Salman’s move is more to restore cash than stamp out corrupt practices.

Billionaires in the united states are reportedly rushing to obtain assets offshore ahead of the perhaps inevitable tide reaches their very own wealth.

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