Doctor Doom Nouriel Roubini now NOT anti-Bitcoin

[aoluain]

snip

To be honest, I haven't heard of this guy before, but I can see that he's a serious economist with top-level education,

You're probably not following this space closely enough. (which is totally fine btw). He's been a big critic in like 2017.

I created a thread about him and his quotes over the years, he has been a staunch
critic of Bitcoin.

Dr.Doom - Most crypto people are totally clueless

The thing is since the worlds financial stimuli reactions to the financial effects of
COVID-19 its clear that the only safe haven for wealth is Bitcoin, traditional FIAT
based investors see this NOW. Like many they couldnt see it before 2019.

[Blawpaw]

https://twitter.com/psychedelicbart/status/1447882354576568322

8 years and 985.61x later,
@nouriel finally capitualted...

I cannot believe it. Nouriel Roubini, one of Bitcoin’s most commited CRITICS has changed his stance against Bitcoin, and has embraced it and has recognized its merits. Will Peter Schiff be next? I believe one of his feet has entered the door. His son owns Bitcoin.

It is always great to see bitcoin haters abandon their stance. And it is not just this guy. Damn, even my father in law is now interested in bitcoin. Nouriel is a renowned Economist, so sooner or later he would have to recognise cryptos are a financial reality that is inseparable from the future. Not doing so would be like not having a degree in economics.

[Darker45]

I wouldn't go as far as claiming Roubini's most recent statement about Bitcoin is enough to conclude that the man has indeed changed his stance on Bitcoin. I don't think he is now embracing Bitcoin. But it is pretty normal it seems for many Bitcoin critics to drop a positive comment or two about the technology or some statements which suggest they are not really 100% anti-Bitcoin. Jamie Dimon, for example, would praise the technology behind Bitcoin. Peter Schiff, on the other hand, said he might buy Bitcoin if he knew how things turned out for it years later. Somehow, these are clues that these people are not really hating Bitcoin to the bones.

[Wind_FURY]

He probably was buying the whole time & didn’t want to reveal his real position. I never believe anything people say, there is always an agenda.

Don’t trust, verify.

Hahaha I believe that you’re giving too much credit. OR, he simply didn’t understand how the whole system works/has been working, and he simply didn’t see the importance of a censorship-resistant alternative currency that could never be brought down.

[mk4]

I created a thread about him and his quotes over the years, he has been a staunch
critic of Bitcoin.

Dr.Doom - Most crypto people are totally clueless

Yep. Closely followed him at the time of his peak publicity as well, watching a crap ton of YouTube videos about his debates/arguments against bitcoin because I was actually looking for good arguments against Bitcoin to balance my bullishness. Welp, the dude just repeats "scam", "ponzi", "tulips", and other empty arguments. The dude talks a lot without actually saying anything at all.

[SFR10]

Judging by the comments, it seems I'm the third person that didn't know anything about him ^{[prior to the creation of this thread]}, and based on what I've read ^{[aoluain's thread and a couple of other articles from the internet]}, he doesn't deserve all these attentions.
^{- Can someone explain to me the difference between him and other known clowns [e.g. cough...E...cough...M], apart from their background/field?}
I tried my best to find a video or full transcript of the event, but had no luck other than the following quotes:
^{- Despite reading only a few related articles, I still noticed the repetitive comments [e.g. opening line]!}

• Cryptocurrencies are not a unit of account and calling them currencies is a “misnomer”, top economist Nouriel Roubini has said,
  ~Snipped~
  “Cryptocurrencies may have an asset value but based on my definition they are not currencies. That’s a fact,” Mr Roubini, chairman of New York-based consultancy Roubini Macro consultancy and well known for predicting the subprime mortgage crisis in the US and the subsequent 2008 global financial crisis, told the Alternative Investment Management Summit (AIM) in Dubai, on Tuesday.
  
  “If something is volatile [at] 5 to 10 per cent, [it] cannot be a currency. A currency has to have a stable value relative to the price index of goods and services.”
  ~Snipped~
  Cryptocurrency “is not a basis for payment system and whether it is secure or not, we don’t know”, Mr Roubini, who has been a vocal critic of cryptocurrencies, said during the panel session.

• Roubini also shared his view on how bitcoin cannot be a hedge against inflation, stating: “If you want to add traditional hedges against inflation, you go to TIPS, inflation-linked bonds, gold and precious metals, and forms of real assets, such as real estate…. There is a whole spectrum of assets that are low volatility and traditional stores of value against inflation.”

[Lucius]

Can someone explain to me the difference between him and other known clowns ^{[e.g. cough...E...cough...M]}, apart from their background/field?[/sup]

There is only one difference between him and the others, he got the nickname Dr.Doom (for a reason) and the others didn’t deserve it. Because of this, he became famous, although many who do not follow the world economy have certainly not heard of him, but the average man has no interest in such things anyway.

[aoluain]

Yea he is still touting "Traditional assets" which I'm sure some will work, like Real Estate.
It must be difficult for these anti-Bitcoiners to roll back and contradict their previous
statements as @mk4 posted "Scams" "ponzi" and "Tulips"

@SFR10 - There are/were a few more anti-Bitcoiners which I highlighted on various threads,
I'm  sure you know them.

Jamie Dimon & Tulip Bulbs

Warren Buffett & "Rat Poison"

[so98nn]

I am curious what makes him change his mind to believe in bitcoin now. Is that because bitcoin shows power by lift the price from a lower price to a high price and he just realizes that? Where did he found his belief in bitcoin?

I think that will happen to many people out there who do not believe in bitcoin, especially after seeing how bitcoin performs. I hope that many more will believe in bitcoin and will become bitcoiner soon.

May be he turned his thousands into millions in short span of time. Lolz. I mean what could be the reason for such high class economist? The good faith comes in when your statements get wrong over and over again. The only way he started believing the bitcoin would have been through years of study getting wrong each time bitcoin valued more. To get the value something needs to be invested, traded and exchanged for things. In case of bitcoin no one believed in its utility use. However, Bitcoin is as good as Fiat since it’s been used for legal tenders to illegal criminal activities and what not. That’s why it’s getting valued every year.
This is the point where every economist should start thinking out of the box, just like the creator did a decade and couple of years ago.

[dkbit98]

Let me tell you one thing about Nouriel Roubini and people like him, he will promote anything including potatoes and old sox if someone invites him and pay him to come to their conference.
If I am not mistaken he was also in coingeek bsv scam conference in Zurich together with Craig Faketoshi Wright and organized by his friend Calvin Ayre:
https://coingeekconference.com/en/past-conferences/zurich-june-2021

[worle1bm]

There are many who have changed their anti bitcoin approach with growing prices and adoption like JP Morgan who claimed it to be fraud is now providing similar service to clients.So nothing surprise in this type of person changing their statements about bitcoin and you will see there will be many more who will come up with same statements favouring bitcoin.

[NelfiNovita]

I cannot believe it. Nouriel Roubini, one of Bitcoin’s most commited CRITICS has changed his stance against Bitcoin, and has embraced it and has recognized its merits. Will Peter Schiff be next? I believe one of his feet has entered the door. His son owns Bitcoin.

In the end people who like to criticize Bitcoin will realize and admit that bitcoin has advantages. Now there is a lot of evidence that people who hold bitcoins from 2018 until now must have made a lot of profit.
If everyone has recognized bitcoin then bitcoin could easily become a global currency in the future.

[Imran232]

It is good to know that he is changing his opinion about bitcoin. Honestly speaking, I didn't hear about him before seeing this post. And after that, I did research on Google about him. And after reading some articles and some blog posts, I saw that he is a big economist. And people are following him. His word has value to those people. So if he denied something, then it might be possible that those followers also denied the same things. But if he supports something and says something positive about something, then it is possible that the things can create hype. So I think because of him, we might see some investors very soon in bitcoin.

[24Kt]

It is good to know that he is changing his opinion about bitcoin. Honestly speaking, I didn't hear about him before seeing this post. And after that, I did research on Google about him. And after reading some articles and some blog posts, I saw that he is a big economist. And people are following him. His word has value to those people. So if he denied something, then it might be possible that those followers also denied the same things. But if he supports something and says something positive about something, then it is possible that the things can create hype. So I think because of him, we might see some investors very soon in bitcoin.

We can't neglect the fact that he may really have solid supporters or followers. And if he changed his stance towards bitcoin, his followers may also change their perspectives. This is an attestation that people can indeed change their outlook given the time has passed. He is now seeing that no matter what, whether economists are in or not, crypto will continue to prosper and especially with bitcoin, I believe, he didn't expect this value to achieve. If nothing else, this will give good vibes in his field. And some of his followers may be encouraged to participate in this market.

[carlfebz2]

I cannot believe it. Nouriel Roubini, one of Bitcoin’s most commited CRITICS has changed his stance against Bitcoin, and has embraced it and has recognized its merits. Will Peter Schiff be next? I believe one of his feet has entered the door. His son owns Bitcoin.

Wont really be that surprising with those critics back in the past towards bitcoin and they had changed up their thoughts and views considering that bitcoin hadnt really crashed down but the fact its price is almost hitting

its previous all time high which does significantly means that theres demand and recognition which do becomes even more stronger as the years passing thats why it isnt surprising that there would be change of

minds and thoughts towards it and the next one would be really just next in line and thats a unavoidable thing to happen.So expect that one in related to this.

[Wind_FURY]

I cannot believe it. Nouriel Roubini, one of Bitcoin’s most commited CRITICS has changed his stance against Bitcoin, and has embraced it and has recognized its merits. Will Peter Schiff be next? I believe one of his feet has entered the door. His son owns Bitcoin.

Wont really be that surprising with those critics back in the past towards bitcoin and they had changed up their thoughts and views considering that bitcoin hadnt really crashed down but the fact its price is almost hitting its previous all time high which does significantly means that theres demand and recognition which do becomes even more stronger as the years passing thats why it isnt surprising that there would be change of minds and thoughts towards it and the next one would be really just next in line and thats a unavoidable thing to happen. So expect that one in related to this.

The changing of no-coiners beliefs/stance might not be anything because of how much Bitcoin is currently valued by the market. I believe it’s them being a close observer of the phenomenon long enough, that they can’t deny the truth anymore. Bitcoin is simply a ground-breaking, technological masterpiece.

Fixed your post.