“The era of pyramids and easy money is coming to an end”: Oleg Tinkov spoke about the problems of Telegram

The founder of Tinkoff Bank Oleg Tinkov spoke about the problems of Telegram with the issue of its own digital currency. He stated that “the world is not completely crazy yet” and compared the Gram to the Ponzi scheme.

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I, as an entrepreneur who, like all REAL entrepreneurs, builds a business based on growth in market share, sales and profits, are pleased with the latest trends … The collapse of WeWork and Gram / Ton and Uber’s problems indicate that the world is not completely crazy yet, and the Ponzi pyramids in business comes to an end! Investors will now be prudent and fund only businesses that, at least in the distant future, will bring PROFIT. The era of investor pyramids and easy money, Thank God comes to an end! I think the same disappointments await and pumped over money #Fintech. Back to the roots?! Reading profits and dividends, they should again become the focus of investors, not the pyramids ?

Dopis, extensions by Oleg Tinkov (@olegtinkov) 17 Jow 2019 p. about 3:31 PDT

He said that now investors will become more circumspect, and the "era of investor pyramids and easy money" is coming to an end.

According to Tinkov, investors of fintech projects will soon face disappointment. The last head of Tinkoff Bank called "pumped money."

Recall, previously, the entrepreneur had already expressed doubts about the Telegram Open Network project, predicting problems with regulators to him.

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