CBDC revolution is coming in 3 years, says Bitcoin naysayer Roubini
The word “cryptocurrency” is a misnomer because it isn’t a currency, according to Roubini. Nouriel Roubini, an award-winning economist and known skeptic of Bitcoin (BTC), is confident that central bank digital currencies, or CBDCs, are the future of money.According to Roubini, global CBDCs like the digital yuan are capable of replacing major financial services and cryptocurrencies in the near future. “They're gonna be crowding out digital payment systems, or in the private sector, starting with cryptocurrencies that are not really currencies,” the economist said in a Nov. 7 interview with....
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Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin After years of publicly mocking and ridiculing bitcoin, Nouriel Roubini has admitted that bitcoin may be a partial store of value. Roubini teaches at New York University’s Stern School of Business and has his own economic consulting firm called Roubini Macro Associates. Famed for predicting....
In his latest ill-fated tweet, "Dr. Doom" Roubini spells out the death of cryptocurrency again, just as XRP gains 35% and Bitcoin aims for new all-time highs. Bitcoin (BTC) naysayer Nouriel Roubini believes that incoming U.S. president Joe Biden will go much further than Donald Trump in controlling cryptocurrency.In a fiery Twitter debate on Dec. 24, Roubini, who is known for both his dislike of crypto and his ability to call market bottoms by mistake, called the sector a "cesspool."Roubini to pro-Bitcoin lawyer: "You are delusional"Roubini was responding to Jake Chervinsky, a lawyer....
Economist Nouriel Roubini, a crypto skeptic known as “Dr. Doom,” is developing a tokenized asset intended to be a more resilient U.S. dollar. “Our goal is to create a global store of value … This is something akin to a substitute for Treasuries, or a digital asset that has payment features in it.” Nouriel Roubini’s Tokenized USD Alternative Economist Nouriel Roubini revealed this week that he is developing a suite of financial products, including a tokenized asset, called the United Sovereign Governance Gold Optimized Dollar (USG), to act as a more....
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....
Bitcoin today blasted above $20,000, but one new naysayer warns that this is now almost double the asset’s fair market value and that the maximum value the cryptocurrency network could reach is only $74,000 long-term. The estimate is substantially lower than what specifically designed Bitcoin valuation models predict, but this is now the second time […]