Roubini compared the cryptocurrency to his mother and father to all the bubbles
Roubini compared the cryptocurrency to his mother and father to all the bubbles

By xlubecx | free life | 13 May 2019


he economist Nouriel Roubini, who is known to be perhaps the biggest and most loud cryptocurrency critic, headed by Bitcoin, said during the New York conference that cryptocurrency are the mother and father of all bubbles.

Roubini, also known as "Dr. Doom "by pointing out the possibility of a financial crisis in 2008 also noted that Bitcoin and cryptocurrency have no right to be called names, because the currency must be a thing that is" a unit of account, a valuable and scalable means of payment " . "

Roubini also dealt with bitcoin scalability, stating that while credit cards are capable of making thousands of transactions per second, Bitcoin can only handle seven. At the same time, he claims that he has never witnessed a level of manipulation that is comparable to what is currently happening in the cryptanalysis market.

Galaxy Digital boss Mike Novogratz disagreed with him, saying, "The discussion is over. Bitcoin won. Now people around the world see him as a legitimate place to store their value. "

Roubini is also known to say that blockchain is no better than a regular spreadsheet in Excel.

 

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xlubecx
xlubecx

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