Nouriel Roubini, infamous for his anti-cryptocurrency stance, having called it a scam and that it is worse than the tulip bubble, has now made the claim that crypto “as a technology has no basis for success.”
Roubini made the remarks during an interview with CFA Institute, which covered several different subjects in detail.
The American economist and Stern School of Business professor said that he believes blockchain has nothing to do with the future of finance, and that cryptocurrencies are not stable as a store of value or scalable for payment.
Based on his expertise on the subject of bubbles and financial crises, Roubini is adamant about cryptocurrencies being a bubble:
I know one when I see one. And, of course, knowing when there is a real bubble — it’s a long and complicated story. But to me, the whole crypto space is one of assets that are not really money. They’re not really a currency. They’re not a scalable means of payment. They’re not as stable in…