Scroll down for the video link. (Editors note; this man has – at times – made some pretty good market calls. No one of course is infallible.)
“Dr. Doom” isn’t mincing his words when it comes to the crypto boom and bust.
Nouriel Roubini of Roubini Macro Associates said Bitcoin is the “biggest bubble in human history” and this “mother of all bubbles” is finally crashing, in an interview with Tom Keene and Francine Lacqua on Bloomberg Television. Bitcoin dropped below $8,000 Friday, a 60 percent tumble from its peak of $19,511 on Dec. 18.
(Editor’s note; in the name of fair and balanced re-reporting – Lou Kerner called Crpto the ‘biggest thing since mankind,” so there seems to be a somewhat wide difference in opinion.)
It isn’t just Bitcoin, Roubini added. There are more than 1,300 cryptocurrencies or initial coin offerings, and “most of them are even worse” than the largest digital token. These constitute “a bubble to the power of two or three,” he said.
RunForDearLife.com website. Funny.