Renowned economist Nouriel Roubini argued that the future of money won’t be shaped by cryptocurrency, highlighting the ongoing crash in Bitcoin (CRYPTO: BTC) and other leading tokens.

In a Project Syndicate op-ed titled “The Coming Crypto Apocalypse,” Roubini said that many people were upbeat after President Donald Trump took office, given his pro-cryptocurrency stance. They had anticipated Bitcoin to emerge as the “digital gold”, with its value hitting at least $200,000 by the end of 2025.

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“Moreover, crypto was supposed to benefit from various macro and geopolitical risks, such as the ballooning of U.S. and other advanced economies’ debt and deficits; the debasement of the dollar and other…