Billionaire businessman Naguib Sawiris, son of Egyptian construction tycoon Onsi Sawiris, made striking statements amid the activity in Bitcoin.
According to the news of Al-Ain News, the famous billionaire Sawiris said that he cannot take the risk of investing in Bitcoin and is not interested in Bitcoin.
The Egyptian businessman stated that he does not intend to invest, although he admits that some cryptocurrencies will provide benefits for investment.
Sawiris, 67, expressed his concerns that he may face a hack attempt that could reduce the value of Bitcoin.
The billionaire businessman, who is among the biggest defenders of Gold, said in his statement in April that he was considering allocating one-third of his portfolio to gold.
Unlike the Egyptian businessman, his brother Samih Sawiris is more moderate towards cryptocurrencies. Samih Sawiris has been accepting payments with Bitcoin and Ethereum since August at his Swiss hotel.