10 March 2014

Economist Nouriel Roubini Slams Bitcoin, Calls it a ‘Ponzi Game’

“So Bitcoin isn’t a currency. It is [by the way] a Ponzi game and a conduit for criminal/illegal activities. And it isn’t safe given hacking of it.”


So said US economist Nouriel Roubini in a spate of heavily critical comments aimed at the cryptocurrency and its advocates via Twitter on Sunday (9th March).


Roubini, who lectures at the Stern School of Business and heads an economic consultancy firm, has earned himself the nickname ‘Dr Doom’ for his often gloomy economic outlooks.


Continue reading at CoinDesk


March 10, 2014 at 05:29PM