Crisis Oracle Criticizing Bitcoin (BTC) Warns: The Worst Is Coming!

Anti-Bitcoin, who foreshadowed the US crises of the early 2000s, said in his new prophecy that “the worst is coming”.

What Nouriel Roubini said in 2021

Noting the massive pollution caused by mining in early 2021, Nouriel Roubini warns of the catastrophic collapse. The expert is known for writing about Bitcoin on Twitter at that time. Here’s what Nouriel Roubini had to say about Bitcoin in early 2021:

Bitcoin (BTC) fell 25 percent from $41,000 to $31,000 in two days. It fell 15 percent in 24 hours. The most speculative, risky, fraudulent and manipulated pseudo-entity in human history. Its true value is still negative, not even zero, given the huge pollution caused by mining. A terrible environmental disaster!

Anti-Bitcoin announces Fed-induced collapse prophecy

The doomsday economist now has deadly inflation, unemployment and shrinking production among the expert’s main concerns. According to Roubini, we may see stocks fall another 35% in the coming periods due to the Fed’s hawkish decisions.

Roubini’s alarming predictions came in a recent eToro webinar. The expert said that to control inflation, the Fed may need to increase interest rates by 2 to 5 percent, but doing so will slow the economy and increase unemployment.

In addition, Roubini noted that aggressive borrowing by American households, businesses and other organizations over the past decade has been a result of rising interest rates. However, the Fed said that borrowing would become problematic if interest rates continued to rise.

The Fed will trigger the collapse

According to Roubini, the rate hikes necessary to control inflation will bring economic collapse with it. Thus, the collapse of housing, credit, private equity and other assets associated with the economic bubble will be inevitable. According to Roubini, price increases could likewise spiral out of control if the central bank stops fighting inflation as a result.

Today FED Chairman Will Speak: How Will BTC, SHIB and ETH Be Affected?

According to reports, Russia’s invasion of Ukraine is causing a crisis in the world’s food and fuel chains. Additionally, the Fed may have to plunge the U.S. economy into a deeper recession as it avoids due to persistent inflation fueled by the ongoing lockdown and international trade restrictions from the COVID-19 pandemic. Roubini stressed that he was concerned about a Stagflationary debt crisis since the worst supply shocks of the 1970s and that the global financial crisis brought on by too much debt is a very dangerous combination.

Stocks are experiencing a bear market rally

One of the few experts to accurately predict the bursting of the US housing bubble in the late 2000s, the economist thought the current stock market recovery was likely a bear market rally. In addition, he warned that stocks could fall another 35 percent if the U.S. economy suffers a “hard drop” as a result of the Fed’s rate hikes.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.


source site-2