‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Re...
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....
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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....
"So Bitcoin isn't a currency. It is [by the way] a Ponzi game and a conduit for criminal/illegal activities. And it isn't safe given hacking of it." So said US economist Nouriel Roubini in a spate of heavily critical comments aimed at the cryptocurrency and its advocates via Twitter on Sunday (9th March). Roubini, who lectures at the Stern School of Business and heads an economic consultancy firm, has earned himself the nickname 'Dr Doom' for his often gloomy economic outlooks. However, he is not a man to be ignored. Roubini famously predicted the US housing market crash of 2006 and the....
Nassim Taleb and Nouriel Roubini criticized tokens in general during a BSV conference panel. Economist Nouriel Roubini and former risk analyst Nassim Taleb took aim at crypto at the CoinGeek conference this week, while the always controversial Craig Wright boasted that the BSV blockchain was on track to hit billions of transactions a second.Taleb, the author of best-selling economic books Black Swan and Skin in the Game, was a controversial addition to the lineup of the CoinGeek Conference in Zurich and came under fire on social media for giving BSV legitimacy.Roubini meanwhile, offered a....
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....