RATE Group | Dr. Doom says bitcoin represents the ‘mother of all bubbles’
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Dr. Doom says bitcoin represents the ‘mother of all bubbles’

10 Oct Dr. Doom says bitcoin represents the ‘mother of all bubbles’

Posted at 22:40h in Bitcoin News by

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Prominent bitcoin detractor Nouriel Roubini, a professor of economics at the New York University Stern School of Business, has, not for the first, nor probably the last, time denounced the emergent technology that is blockchain and cryptocurrencies.

In a prepared testimony for a Senate Banking Committee hearing Thursday, the Turkish-born economist, known colloquially as “Dr. Doom” for his seemingly permanent bearishness, said digital currencies are the “mother of all bubbles” and, in fact, have entered an apocalypse.

Further reading: Nouriel Roubini says bitcoin is ‘bulls—t’ and only attracts…

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