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Dr. Doom Admits BTC may be Store of Value

By Keith Thuerk | New to Crypto's? | 9 Nov 2020


Dr. Doom Admits BTC may be Store of Value

 

Dr Nouriel Roubini (AKA Dr. Doom) admitted that BTC may actually be a store of value.  As a result of the value he sees a new revolution on the horizon (next three years) as Global Central Banks start to release their CBDC.  So Dr. Doom has done a 180 turn about as over in the past he was a staunch advocate for anything other than Cryptocurrencies!  He derided Cryptos as 'Scams' and worth nothing at all. Additionally calling them a bubble.

Ha he should know a bubble the US Fed has successfully created the worlds largest bubble - the everything bubble.

 

Not sure what changed his mind but he said this on Friday in a Yahoo Finance interview "It may be a partial store of value because, unlike thousands of other what I call shitcoins, it cannot be so easily debased because there is at least an algorithm that decides how much the supply of bitcoin raises over time."  He is right when he stated that BTC is not a unit of value as nothing is measured in it (I think he meant to pause and claim; yet - Yes I am stretching on his behalf)

 

Dr Roubini went on to say "The big revolution we’re going to see in the next three years is going to be central bank digital currencies. They’re going to be crowding out digital payment systems."

 

Stay the Journey its gonna get fun!

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto and DeFi to combat the Inflationary Tidal wave coming our way!


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