Nouriel Roubini, an economist who predicted the 2008 crisis, does not believe in cryptocurrencies and says that a new global crisis could appear “soon”

The American economist Nouriel Roubini, who predicted the 2008 financial crisis, According to Sputinik, he spoke in an interview with Forbes about the possibility of a new global financial and economic crisis.

The A “Doctor’s Disaster”, as it is well known, Â said that there are vulnerabilities in the world:

“Vulnerabilities of various kinds (economic and financial) that accumulate and lead to a crisis in the years to come.”

Although there are states that are stronger than others, according to the expert, the crisis will hit everyone:

“In the end, inflation and the debt crisis will hit the whole world […] The crisis can occur in the next three or five years. However, it is a global problem. “

Nouriel Roubini, an economist who predicted the 2008 crisis, does not believe in cryptocurrencies and says that a new global crisis could appear “soon”
Nouriel Roubini, an economist who predicted the 2008 crisis, does not believe in cryptocurrencies and says that a new global crisis could appear “soon”

To stabilize the economy, Roubini said that cooperation between countries was needed rather than destructive competition.

“The world must unite to face the pandemic and work together to achieve financial stability and avoid climate catastrophe.”

Cryptocurrencies

Regarding cryptocurrencies, Nouriel Roubini stated that he does not consider them to be real currencies. And he added:

“The means of payment must be stable” … “Why should a seller accept something as means of payment that could lose 20% of its value the next day?”

According to the publication, the economist affirmed that 80% of cryptocurrencies were created by fraudsters. Hence it is said:

“Bitcoin is not a scalable means of payment.”

Therefore, according to the report, “Nothing can be rated with it.”

Roubini conceded that, however 1% of the capital can be invested in crypto assets, but those who do “need to be aware of the risks”.

And he described the introduction of Bitcoin as legal tender in El Salvador as a failure.

Roubini is not only pessimistic about cryptocurrencies today.

Cointelegraph has, in the opinion of. released Vitalik Buterin, co-founder of the Ethereum network and native cryptocurrency Ether (ETH), Nouriel Roubini was one of the authors of the worst predictions about Bitcoin.

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