Once the world’s largest Bitcoin exchange, Mt. Gox CEO Mark Karpeles said he no longer believes in Bitcoin and is pessimistic about cryptocurrencies. may have problems. I may be wrong about this. I was wrong about too many things.”
Karpeles, a lion Frenchman, stated that he does not own any Bitcoin. Karpeles also described Bitcoin’s main competitor, Ethereum, as “too much untested” on any serious use.
Japan-based Mt. Gox filed for bankruptcy in 2014 after hundreds of thousands of Bitcoins belonging to his customers were stolen. Karpeles was serving as the CEO of the exchange at the time of this event.