Nouriel Roubini: “Bitcoin (BTC) And Other Cryptocurrencies Could Drop Even More If This Happens!”

Nouriel Roubini, considering the possible risk of bankruptcy for Digital Currency Group (DCG) and the fact that its alleged Grayscale subsidiary has failed to provide a proof of the assets behind GBTC bitcoin and other cryptocurrencies He claimed he could see lower levels than before.

However, Roubini spoke about the group of companies he called the “Four Gs” after he also criticized Binance CEO CZ. Among them are Grayscale and Genesis Global Capital, which is experiencing liquidity problems. Both of these companies are affiliated with the Digital Currency Group.

Anti-Bitcoin Roubini Claims Barry Silbert’s DCG Company May Be At Risk

NYU economics professor Nouriel Roubini has targeted what he calls “Crypto’s Gansta G Gang of Four” in a recent tweet. These are four leading companies in the crypto space, two of which are associated with crypto billionaire Barry Silbert’s Digital Currency Group, Grayscale, and Genesis Global Capital.

Many – 3AC, Alameda – tried that trade and went bankrupt. Discount can get bigger given bankruptcy risk for DCG (given its exposure to Genesis) and no proof that GBTC has the assets it claims to have. Crypto is the Mother Of All Scammy Houses of Cards. And it is imploding now! https://t.co/W8XFn5AFjC

— Nouriel Roubini (@Nouriel) November 19, 2022

Roubini also claims that prices in the crypto market could drop further given the risk of bankruptcy of crypto giant Digital Currency Group due to exposure to Genesis Global Capital. Genesis Global Capital recently stopped withdrawals.

Overall, he tweeted that four major companies are in deep trouble right now, including Mike Novogratz’s Galaxy Digital (which had invested in FTT).

For predicting the 2008-2009 mortgage crisis, “Dr. Nouriel Roubini, also known as “Doom,” targeted the head of Binance exchange CZ over the past week.

*Not investment advice.