If you think 2020 couldn't get any weirder

[mk4]

“It may be a partial store of value because unlike thousands others (what I call s***coins) it cannot be so easily debased because there is at least an algorithm that decides how much the supply of Bitcoin raises over time.”

Yeap. Though this dude's still calling Bitcoin "not centralized" and such, quite weird seeing dudes like him actually giving bitcoin at least a bit of recognition.

P.S. Sorry for the bad title. I'm just too baffled.

https://u.today/nouriel-roubini-recognizes-bitcoin-as-store-of-value

[jackg]

Maybe "random economist recognises bitcoin as a partial store of value".

Anyway, i imagine a lot more might start turning in this direction of thinking it might be usable as a store of value. All some economists had was "if you have to keep pricing it against the dollar it's not a real currency" which invalidates every currency as a currency that isn't the dollar...

[mk4]

Maybe "random economist recognises bitcoin as a partial store of value".

You're technically correct, but what makes this news special is that(you probably already know this, but for those who doesn't know Roubini..) this "economist" has been pretty much shitting on Bitcoin for years now. Hence why this slight "compliment" is really really unexpected.

https://www.cnbc.com/2018/10/11/roubini-bitcoin-is-mother-of-all-scams.html

[davis196]

What the hell is a "partial store of value"?A financial asset IS a store of value,or it isn't(if it can't serve as a store of value,then it can't be called a financial asset).There is no "partial" in the equation.
Bitcoin has proven over the years that it can successfully serve as a great store of value,even though it's still very volatile and risky.I like how he shits over shitcoins.We don't need shitcoins anymore.
Roubini hasn't yet jumped in the crypto lover's wagon,but even he admits that Bitcoin can be useful.
All the FUDsters might turn into BTC believers one day.

[NeuroticFish]

What the hell is a "partial store of value"?A financial asset IS a store of value,or it isn't.There's no "partial".

This is the way of telling "I was wrong until now, but I will not say it loudly yet" 
Wasn't this ... economist... also calling Bitcoin a shitcoin too?

All it took was to have other companies' economists have faith in Bitcoin so this guy can follow them? 
Well, I guess that although some thought that he's a trend setter, he's just part of the institutional herd. Just smart enough to be part of the first wave(s).

[Casdinyard]

Maybe "random economist recognises bitcoin as a partial store of value".

You're technically correct, but what makes this news special is that(you probably already know this, but for those who doesn't know Roubini..) this "economist" has been pretty much shitting on Bitcoin for years now. Hence why this slight "compliment" is really really unexpected.

https://www.cnbc.com/2018/10/11/roubini-bitcoin-is-mother-of-all-scams.html

I appreciate the information. Well, if that's the case, things might have changed in his perceptions regarding Bitcoin. But this might be due to what is happening recently in its price. More likely, other people are also looking forward with Bitcoin at this moment. Those who were hesitant to invest before might be considering to engage right now. And to some, slight regrets of doubting its capabilities to have a higher market price, because their profit would be bigger by now if they have invested when the price was still below $10k. Going back with him, his negative claims might again come up once downfall in its price occur. These people might not be that aware of this technology's nature.

[mk4]

What the hell is a "partial store of value"?A financial asset IS a store of value,or it isn't.There's no "partial".

This is the way of telling "I was wrong until now, but I will not say it loudly yet" 

Lmao pretty much. I could almost guarantee that if he wasn't actively shitting on Bitcoin throughout the years(let's be honest, he's spending so much time talking about bitcoin), he'd be a huge public bitcoin bull by now. Mr. Boomer probably just doesn't want to admit his mistake.

[20kevin20]

You see, this thing is only getting more suspicious the more economists and large names come out supporting Bitcoin out of nowhere, after years of hatred.

From Nouriel's Wikipedia page:

After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a visiting researcher/advisor at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel
[..]
During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who was Treasury Secretary under Barack Obama.

He's been working with the big boys. What happened now, so that all of a sudden these guys are supporting BTC? It's a question that is really giving me a headache. I doubt they all just woke up randomly believing in it. Like come on, something must be up

[Pmalek]

Nouriel Roubini also talked about Bitcoin being a "partial store of value" back in October of 2019.
That article is available here > https://cointelegraph.com/news/bitcoin-maybe-is-a-partial-store-of-value-concedes-nouriel-roubini

He did go on to say that he prefers the US Dollar to all other shitcoins - putting Bitcoin in that bag as well. He criticized Bitcoin for losing 60% value from its ATH. Why didn't he also say that the US Dollar has lost over 90% of its value since the Federal Reserves took control of it?

[jemimah_f3]

He might've filled his bags during all time when he was critisizing bitcoin when the price was low, maybe he's selling now and telling the opposite opinion.

[acquafredda]

Let him speak: now everybody feels totally entitled of commenting, judging and patronizing bitcoin.
 In the Italian board we have a specific thread on so-called Junk News: all the worst articles by journalists, scientists, politicians, economists etc. collected by the community.
It's so much fun to pick those who said shit about bitcoin in the past and now are trying to redeem themselves.
https://bitcointalk.org/index.php?topic=2351919.0

[pooya87]

the idiots are just transitioning from the "denial" phase to "oh-shit" phase where they realize that they have missed out on making bullshit statements about a phenomenon that has been growing for over a decade now as a strong decentralized currency. most of them just want to be seen and have some historical link to point to in the future to claim they were on the "ground-floor" when price was extremely low and they called it!
"much experts, such wow"

this is also why the statement is like this, so conservative. these people have no understanding of bitcoin, they are just gambling. if tomorrow this thing they don't even understand disappeared they aren't going to look bad by calling it "100% good" and if it kept growing they still didn't call it "100% bad" either.

[20kevin20]

He did go on to say that he prefers the US Dollar to all other shitcoins - putting Bitcoin in that bag as well. He criticized Bitcoin for losing 60% value from its ATH. Why didn't he also say that the US Dollar has lost over 90% of its value since the Federal Reserves took control of it?

Oh man, it's hard to get out of the system and not love it when you know it's what brought you up to the top. This man loves money and loves what the Fed has done with it. These guys only wait for bearish Bitcoin runs so that they never come up with positive news about it, and people fall for that. Just think about it: your money gets devalued per year more than the interest your bank offers you for holding the money in your account, yet a lot of people still do that. Economy is a game for the smart.

[milani]

“It may be a partial store of value because unlike thousands others (what I call s***coins) it cannot be so easily debased because there is at least an algorithm that decides how much the supply of Bitcoin raises over time.”

Yeap. Though this dude's still calling Bitcoin "not centralized" and such, quite weird seeing dudes like him actually giving bitcoin at least a bit of recognition.

P.S. Sorry for the bad title. I'm just too baffled.

https://u.today/nouriel-roubini-recognizes-bitcoin-as-store-of-value

I would not take into consideration statements from such guys like this one or some other so-called "expert", it is only his personal opinion. And it does not depend wheather his opinion is negative or positive. You can be the expert no worse than him. 😁🙂 Too many people try to use the BTC in their posts and articles in order to attract the attention to their person and that is all. I think this man is not the exception. May be he needs high ratings or something else.

[CODE200]

He might've filled his bags during all time when he was critisizing bitcoin when the price was low, maybe he's selling now and telling the opposite opinion.

Well, possible.
The thing here is that, he is the only one who knows why he said such thing. We may think of negative things or that he just changed his claims but the bottomline is that he is the only one who knows how he meant that statement. What we should look forward for now is the market price behavior of the cryptos which are promising. Many people are now having their interest again in this technology and it could make the momentum going like a domino effect.

[Josefjix]

Experts in classrooms they are scared Bitcoin is actually excavating their long held titles the centralised system had bestowed them, little how he speaks with both of his mouth. It actually exposes his lack of knowledge of how Bitcoin works, whenever Bitcoin rises/falls he brings a hypothesis to stay afloat in the news. His opinion doesn't generalise the whole idea of Bitcoin.

He might've filled his bags during all time when he was critisizing bitcoin when the price was low, maybe he's selling now and telling the opposite opinion.

If he is truly an "expert" as the the OP and the link he gave reference had called him, he could have bagged some amount of Bitcoin during the time it went low. I'm not surprised about people of his kind, they are institutional critiques with personal objective deceiving the populace. Bitcoin has stood the test of time, what more can he say now?

[bearexin]

I was already expecting things like this to happen as time goes on. Most of them that rejected cryptocurrency did so because they didn’t understand it, but now they are starting to understand everything from the purpose to how it works, and they will value it now.

And there has been a trend for Bitcoin lately, it’s on everyone’s mouth, big companies are buying it and storing as part of their assets, and if a big company can buy it, then the big guys in these companies will also buy some personally and keep for themselves, and when they buy, they will also tell their friends who will pick interest.

[Nellayar]

No wonder how trolls are performing their best anti-promotion to bitcoin. Experts have always saying about bitcoin. When it goes down, their speculations turn into FUD. When bitcoin goes up, they see its potential. They are blinding the people from what we want to see in bitcoin. Experts are just named entitled to those who acting like they knew already the environment of the field. But not all experts will say true because of what they see but because of how they will be benefited from what they said.

[rhomelmabini]

Maybe he just own only a partial amount of it (0.5 BTC I suppose). For sure they always have a rebuttal when they asked why the sudden turn of events lead him to think it that way.

https://www.cnbc.com/2018/10/11/roubini-bitcoin-is-mother-of-all-scams.html

I wonder if what he reads about bitcoin whitepaper on 2018 was different from this time or he'll call it next time a "God of all scams" when it turns bearish again because I assume he just been into FOMO or something how he gets into Bitcoin thing.

[TravelMug]

Lol, he has been ranting against bitcoin for the longest time, if I'm not mistaken since 2014 and has been on the offensive attack.



https://twitter.com/Nouriel/status/442725510423248897

But in the end, doesn't matter if you are pessimistic about bitcoin, if you continue with your stance and ego, just a matter of time before you are being left.

He was even voted as Bitcoin's drama queen in 2018:

https://twitter.com/spiroseliot/status/1077636512341204994