Some of our posts may have affiliate links including this one. That means if you make a purchase I may get a commission (at no extra cost for you). To find out more about it read our Disclosure page
The world of cryptocurrencies and the people that support this new technology have gotten use to some everyday slandering from various old financial guys. You have Warren Buffet, Jamie Dimon and of course Nouriel Dr. Doom Roubin.
Dr. Doom has famously in the past bashed Bitcoin and cryptocurrencies several times, and now he strikes yet again.
Nouriel Roubini is an American economist and teacher at New York University’s Stern School of Business. He became somewhat famous for predicting the 2008 financial crisis. Other than that in cryptocurrency circles he’s also today well known for calling cryptos a stinking cesspool and that “It is indeed laughable to think that useless crypto-currencies or shitcoins have any fundamentals of value”.
In a recent interview with the CFA Institute he once again goes out hard against cryptocurrencies and calls them unstable and unscalable.
But to me, the whole crypto space is one of assets that are not really money. They’re not really a currency. They’re not a scalable means of payment. They’re not as stable in terms of store of value.Nouriel Dr. Doom Roubini
He goes even further and calls out the entire crypto community to be pretty much clueless and arrogant fanatics. That has no understanding of basic economics and finance.
“I met some of these individuals, and I must say I’ve never seen in my life people who on one side are so arrogant in their views, who are total zealots and fanatics about this new asset class, while at the same time completely and totally ignorant of basic economics, finance, money, banking, central banking, monetary policy”.Nouriel Dr. Doom Roubini
Interesting to see the Tweet that Roubini has pinned to the top. Maybe the relationship between him and crypto is more complex than at first sight.
Find more interviews and news here on our blog!
Hello and welcome to Go Cryptowise.
My name is Per Englund and I’m a long-term fan and investor and trader of Bitcoin and other cryptocurrencies. I caught the attention of Bitcoin like many other several years ago, but it was first around 2016/2017 that I truly got into cryptocurrencies and blockchain technology.
I have since traded, bought, researched and learnt about this new emerging space to the fullest. When not producing crypto-content I create and design new products and businesses. And I want to combine my business experience with my passion to create meaningful content for all our readers.
And I am bringing this vision to my writing and how Go CryptoWise work.
Connect with me on LinkedIn. Ask me anything on here.
Get in touch with me to find out more about Go CryptoWise and what we care about.