Dr. Doomsday, Dr. Famous economist Nouriel Roubini, also known as Doom, claims that cryptocurrencies are on the verge of collapse. At the same time, it announces the imminent demise of cryptocurrencies. In his statements, Roubini points to the latest development in the US Securities and Exchange Commission’s (SEC) crackdown on crypto misconduct.
Roubini alarmed: The era of cryptocurrencies is coming to an end
When it comes to the future of crypto, the economist shared an article on Twitter about SEC Chairman Gary Gensler’s effort to raise $2.4 billion in funding for the SEC to take control of crypto assets. Roubini sees this as a sign of impending doom for the crypto world and for the unscrupulous players of this world. Even Dr. Apocalypse proclaims the crypto apocalypse, the time for accountability for those who benefit from the unregulated, Wild West of cryptocurrency.
Roubini is known for his harsh criticism of the cryptocurrency industry. The economist has tirelessly pointed to the flaws and dangers that lurk beneath the surface of this thriving field. No cryptocurrency has escaped his scrutiny. Loved or hated, it cannot be denied that Roubini has taken his place as one of the most influential voices in the ongoing debate over the future of money and finance. In fact, his fame started when he predicted the 2008 financial crisis before it happened.
For Roubini, the lure of Bitcoin is nothing short of a cleverly disguised Ponzi scam that entices gullible investors to pour their hard-earned money into a digital oasis. He argues that the lack of regulation and “accountability” in the industry has created a breeding ground for fraud, money laundering and other illegal activities. To him, promises of decentralization, anonymity and security are nothing more than empty slogans used to lure innocent victims.
Roubi’s new target is Ethereum whales
Roubini’s latest target is Ethereum whales, deep-pocketed investors who hold a significant portion of the popular cryptocurrency. Roubini echoed Gensler’s views, reaffirming his belief that Ethereum is a security. According to Roubini, the idea that ETH whales “are essentially in the interests of the broader community” is nothing short of ludicrous. He dismisses the claims of ETH investors as “utterly ridiculous” and adds one more arrow to the criticism towards the crypto world.
cryptocoin.com As we have reported, Nouriel Roubini is an American economist and a professor at New York University’s Stern School of Business. As we mentioned above, he is best known for his warnings about the 2008 financial crisis, which gave him a “Dr. It earned it the nickname “Apocalypse”.
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