Bitcoin, Crypto currency, Blockchain

Economist Roubini warns of bubble in the crypto market

Economist Roubini warns of bubble in the crypto market

Home News economist Roubini warns of bubble in the crypto market

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Matthias Nemack –
12.10.2018

Already in the run-up to the financial crisis, which pulled the latest from the 2008 global circles, was Nouriel Roubini, a dramatic picture of the coming economic problems. In a recent hearing before the U.S. Senate Roubini expressed now concerns about a possible “Apocalypse” on the crypto-market.

The Professor thinks nothing of Bitcoin and the Blockchain

Rarely before has opinions on the future of Bitcoins and other crypto currencies. The obvious reason for the price declines of the past few months. “Dr. Doom”, as the Economist Roubini since he was previously called to say about the financial crisis in the media, belongs to the more critical voices among the economic experts. Not only is the Bitcoin came off very poorly in his Statement, also the Blockchain in total, the star keeps an economist for a bubble. The expert finds the big words, for example, he spoke of “the mother of all scams”. Digital currencies, in total, cut in Roubini’s assessment of anything other than good.

Blockchain: a temporary Hype or the model of the future?

The Hype around the technology is the Blockchain, a Professor of Economics and head of the company for extremely critical holds, the Blockchain is overrated also perfect, as it was called in the hearing. For the crypto-critic, at the latest, the Boom in the year 2017, as well as the slump to just over $ 6,000 this week, which confirmed its been years known bad opinion on the alleged bubble were there. A number of other analysts speak more adjustments, of Course, even if this buy for investors who decided a few months ago, Litecoin, or to want money in EOS invest a little comfort. If you compare the current rates for some currencies such as the Bitcoin with the prices at the beginning of the said year, in 2017, put into perspective the criticism.

Finally, the Bitcoin recorded at the beginning of the record hunting to maximum value of around $ 20,000 a course, the eighth, about one-sixth of the current price on the market. A statement from Roubini’s but is not dismissed out of Hand: In fact, the number of loose Coins and tokens, whose developers are mostly on their own revenue. Many an Investor has lost large parts of its assets. This doesn’t change the fact that there are many models of success within the crypto-world.

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