Dr.Doom - Nouriel Roubini
Dr.Doom is actually a nickname for a number of BEARS over the years, There is a
list of them here on this
ARTICLEbut for this thread its all about BItcoin so I’m posting about Nouriel Roubini.
Nouriel Roubini is somebody which has evaded my attention until I started writing an
article on
Jamie Dimon. The Name Dr.Doom came up and I was intrigued.
Nouriel Roubini is an American Economist who is known for his gloomy economic
warnings and has been a staunch critic of Bitcoin over the years, so like my threads
on Warren Butffet and Jamie Dimon I would like to list his Bitcoin related statements
which unlike JD have not softened over the years until November of last year where he
seems to acknowledge some understanding of Bitcoin, but I suppose his nickname is there
for a reason.
A lot of his commentary is centered around the 2017/2018 “Bubble” he talks some sense
really and its interesting to hear his views in relation to what happened then.
like all critics of Bitcoin the decentralized nature of it grates against their traditional
FIAT economic view.
Criminality again is mentioned in his statements a lot, it’s the same line we are hearing
already this year from government financiers and is their go to argument for regulation.
2018 February 2nd –
Biggest Bubble in History“We can’t allow it to become the next Swiss bank account for use by criminals and
people evading tax.”
2018 October 11th –
Bitcoin is the ‘mother of all scams’Bitcoin is the ‘mother of all scams’ and blockchain is the most hyped tech ever
2019 April 11th –
Most crypto people are totally cluelessThey want to reinvent everything about money, but most of them are absolutely totally clueless.
The ratio between arrogant and ignorant is astounding – I have never seen such a gap in my life.
These are fanatics. Some of them, like criminals, zealots, scammers, carnival barkers, insiders
who are just talking their book 24/7.
2020 March 9th –
So BTC is a shitty shitcoin hedge in risk-off cases2020 November 13th –
Crypto’s Fiercest Critic—Has Admitted Bitcoin Could Be A ‘Store Of Value’"[Bitcoin is] maybe a partial store of value, because, unlike thousands of other what I call shitcoins,
it cannot be so easily debased because there is at least an algorithm that decides how much the
supply of bitcoin raises over time…”
2020 December 24th –
Bitcoin's 'hyperbolic bubble is going to go bust'“First of all, calling it a currency — it’s not a currency. It’s not a unit of account, it’s not a means of
payment.…it’s not a stable store of value. Secondly, it’s not even an asset,”
“While in the case of Bitcoin, there is no income, There is no use. There is no utility. The only thing
is a speculative, self-fulfilling kind of rise, and that rise is driven totally by manipulation.”
“The price of Bitcoin is totally manipulated by a bunch of people, by a bunch of whales. It doesn’t have
any fundamental value,”
“We’re close to the point where the hyperbolic bubble is going to go bust.”