‘Dr. Doom’ Nouriel Roubini Sees An Incoming ‘Crypto Apocalypse,’ Warns Policymakers To Wake Up Before It’s Too Late
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…
