Roubini Slams Crypto: ‘Crypto Apocalypse’ Coming
Nouriel Roubini, the economist renowned for forecasting the global financial crisis, has delivered a scathing critique of cryptocurrencies, which he has labelled ‘The Coming Crypto Apocalypse.’ Roubini’s commentary underscores his longstanding scepticism towards digital currencies, questioning their fundamental utility and stability. He argues these digital assets have no utility, and should not be considered currency.
Roubini asserts that referring to Bitcoin or any cryptocurrency as a genuine currency is misleading. He contends that these digital assets fail to fulfil the essential functions of money, lacking the characteristics of a reliable unit of account, a scalable payment method, or a stable store of…
