NYU Economist and Professor Nouriel Roubini: Bitcoin a "Ponzi Game"
The man who accurately forecasted the 2008 financial crisis isn't shy on voicing his opinion on bitcoin. Nouriel Roubini took to Twitter on Sunday to tell his nearly 300,000 followers that he considered the digital currency to be a "ponzi game" and, well, not a currency at all. Here's a sample of tweets, as highlight by the folks at the Wall Street Journal: Bitcoin isn't a store of value as little wealth is in Bitcoin and no assets in it. Also given price volatility it is a lousy store of value. - Nouriel Roubini (@Nouriel) March 9, 2014. Bitcoin isn't means of payment as few transactions....
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