RATE Group | Anything Besides Bitcoin is ‘Useless’ – Tone Vays and Nouriel Roubini Square Off
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Anything Besides Bitcoin is ‘Useless’ – Tone Vays and Nouriel Roubini Square Off

02 Sep Anything Besides Bitcoin is ‘Useless’ – Tone Vays and Nouriel Roubini Square Off

Posted at 09:24h in Bitcoin News by

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David Drake, founder of LDJ Capital, was the moderator for a match up between Nouriel Roubini and Tone Hays. Drake was quick to note Roubini’s prediction of the 2008 economic crisis. 

In the discussion, Roubini notes that his experience in blockchain stems from his ability to see a bubble when it exists.

Vays responded with his outlook on the crypto space. Former trader Vays, now a speaker and prominent YouTuber, says he disagrees with Nouriel on the dysfunction of the crypto space. However, Vays maintains that anything besides Bitcoin 00 is ‘useless,’ and ‘anything else is scammy or fraudulent.’

Roubini placed a strong emphasis on the tension between institutions and regulations.

Vays went on to compare Bitcoin to nuclear waste — if you don’t know how to properly store it, disaster may strike. Vays still remains a devotee despite this apparent pitfall.

Roubini held fast, remaining extremely skeptical of crypto. Roubini emphasized numerous pump-and-dump schemes,…

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