famous economist and Anti-Bitcoin Nouriel Roubini, cryptocurrency He stated that the massacre had only just begun this Thursday.
Roubini believes that most crypto companies are on their way to extinction after a number of top companies have filed for bankruptcy.
Anti-Bitcoin (BTC) Nouriel Roubini On Cryptocurrency Market: “The Bloodbath Has Just Begun”
Last week, a New York University professor announced that it is the largest cryptocurrency exchange by reported trading volumes. BinanceHe said the .
The professor’s assumption is partly based on the fact that Binance has yet to reveal the location of its headquarters. Roubini also describes Binance’s native token, BNB, as a “scam”.
Roubini’s latest warning comes after BlackRock CEO Larry Fink predicted that most cryptocurrencies would fail in a speech at the New York Times DealBook Summit on Wednesday.
Forecasting the global financial crisis, “Dr. Doom” offered a much more pessimistic view, describing Fink’s words as “inadequate.”
In a separate tweet on Nov. 30, Roubini argued that 97% of cryptocurrency supplies are bankrupt scams, adding that fraudulent spending is the standard among all cryptocurrency projects run by “gangsters.”
Roubini has previously described crypto as the biggest criminal robbery in human history.
Roubini has been at the forefront of crypto opponents for years. In 2020, he described the entire crypto industry as “a scam.” Feeling vindicated after the recent crash from FTX, Roubini has increased his anti-crypto rhetoric in recent weeks.
*Not investment advice.
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