The hatred continues: Nouriel Roubini responded to the fall of Bitcoin and cryptocurrency market
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Nouriel Roubini really cryptocurrencies. Most of this year, the economist named «Doctor Doom» did not miss a single opportunity to make a sudden attack against Bitcoin. However, the cryptocurrency managed to grow more than 60 times since the first statements by Roubini about her «death».
theBulls don't stop
In October of this year, Roubini hatred has reached its climax — the economist has announced a contest for «the most creative nickname for Bitcoin». He did it in honor of Warren Buffett, who last year dubbed the crypt «rat poison in square».
Then the hostility of Dr. doom spread to the blockchain. He recently published a pretty long article with the eloquent title «False blockchain». The publication Roubini called technology and highly overrated. Almost a week ago, the judge gave a clear message of style «I told you so». He commented on another drop in the stock market, which dropped below $ 6,000.
Better late than never…some of us have been saying and writing about it for over two years.
Why a Nobel laureate in economics thinks bitcoin is toast.
— Nouriel Roubini (@Nouriel)
The only Problem is that the word «I told you so» sound with the mouth Roubini still 2014. During this period, the cryptocurrency managed to grow from 300 to 20 000 dollars. Moreover, Bitcoin can be safely regarded as the most profitable investment of the last decade.
The First argument against the Roubini Bitcoin was focused on the activities of criminals and the sale of illegal goods for coins. With 2014 almost nothing has changed — the economist in emphasis does not see any other use of digital assets. According to Bitcoinist, recent studies confirm that only 1 percent of the transaction of cryptocurrency held by criminals.
So Bitcoin isn't a currency. Btw It is a Ponzi game and a conduit for criminal/illegal activities. And it isn't safe given hacking of it.
— Nouriel Roubini (@Nouriel)
Let's hope that in the future Dr. Doom would also be wrong and Bitcoin price will rise again in 60 times. To prepare for bullrun, please subscribe .
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