Prince Alwaleed says bitcoin will implode 'Enron in the making

Prince Alwaleed says bitcoin will implode 'Enron in the making Prince Alwaleed says bitcoin will implode: 'Enron in the making Saudi billionaire investor Prince Alwaleed bin Talal said Monday that bitcoin will "implode" one day. "It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision" of any central bank, Alwaleed said in an interview on CNBC's "Squawk Box." "I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making," Alwaleed said. The billionaire investor was referring to the massive accounting fraud that took Enron, a U.S. energy-trading and utilities giant, into bankruptcy in late 2001.