Egyptian billionaire businessman Naguib Sawiris, the scion of Egyptian construction magnate Onsi Sawiris, is not interested in Bitcoin, according to a report published by Al-Ain News.
While acknowledging that cryptocurrencies could be a useful investment for some, the 67-year-old entrepreneur chooses to remain on the sidelines.
The telecom tycoon fears that Bitcoin could face a hacking attempt that could put a dent in its value.
Alex DovbnyaNaguib Sawiris's billionaire brother, Samih Sawiris, appears to be more crypto-friendly. As reported by U.Today, his luxurious Swiss hotel started accepting Bitcoin and Ether in late August.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Arman Shirinyan
Dan Burgin
Vladislav Sopov