The breaking Nouriel Roubini news is going rapidly viral on social media after he posted his remarks on cryptocurrency and blockchain technology recently. The controversial economist has been against them ever since they became popular in the international market. He has been a detractor of virtual currency ever since 2013 when he first warned investors. Despite the critic comments, there has been a significant increase in the adoption and acceptance of crypto trade. However, he has now expanded his attacks on the technology that underpins it, that is blockchain.
Probably, it can be said that New York University’s Stern School of Business professor has been undeniably wrong about cryptocurrency so far. Several countries have legally accepted both digital asset as a mode of payment and distributed ledger technology.
Nouriel Roubini news caught attention after his article titled “The Big Blockchain Lie” came out on Project Syndicate. In his article, he speculated that distributed ledger technology and blockchain are going to become obsolete in the coming years. He further highlighted the recent virtual currency market crash in which cryptocurrencies are down 80%+ since the beginning of this year. However, he overlooks to acknowledge that many of these cryptocurrencies are still doing good and have improved their performance.
Nouriel Roubini On Blockchain Technology
With regards to the blockchain, the renowned professor describes it as the last refuge of the crypto scoundrel, most overhyped and least useful technology in the history of technological advancement. In his opinion, this emerging technology has been glorified too much used by libertarian for their own good.
As an expert in the field of global economy professor, Roubini revealed how Bitcoin and other cryptocurrencies represent the mother of all bubbles. He supports the fact that the real transformation or revolution in finance based services is FinTech and not blockchain according to one of his write up. (Via Banking Senate)
The breaking Nouriel Roubini news has alerted investors and traders to enlighten themselves furthermore in order to understand the future of blockchain and crypto trade.
The post Renowned Economist Nouriel Roubini News Goes Viral After He Says Anti-Cryptocurrency Remarks appeared first on OWLT Market.
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