RATE Group | Bitcoin [BTC] is not going to disappear, but Ethereum [ETH], XRP and others are “going b…
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Bitcoin [BTC] is not going to disappear, but Ethereum [ETH], XRP and others are “going b…

16 Oct Bitcoin [BTC] is not going to disappear, but Ethereum [ETH], XRP and others are “going b…

Posted at 01:26h in Ethereum News by

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Nouriel Roubini, the economist that predicted the 2008 financial crisis and earned the nickname Dr. Doom, recently spoke in an interview about the cryptocurrency market. He has recently gained prominence due to his outspoken views on the cryptocurrency market.

Over the course of the interview, Roubini called cryptocurrency space a bubble, going so far as to call it the mother and father of all financial bubbles. He also predicted that it was going to burst, prefacing it with a disclaimer that he wasn’t “against it”. He stated to CoinTelegraph:

““I’m not against [it], I’m open to any type of innovation, but I’m an expert on financial crises and asset bubbles. And I became famous [by] predicting the global financial crisis  — the burst of that bubble.”

He revealed his experience with those close to him questioning him about financial advice on Bitcoin [BTC]. He stated:

“If you bought it at the peak, you lost 70 percent of your value. And it’s…

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