• 'Dr. Doom' economist Nouriel Roubini says bitcoin is not a hedge against inflation and investors are 'feeding the bubble'

    8 days ago - By Business Insider

    Nouriel Roubini
    Pier Marco Tacca/Getty Images
    Economist Nouriel Roubini renewed his pessimistic views on bitcoin in an interview with Yahoo Finance this week.
    The professor said he sees bitcoin as a "pseudo-asset" that is pumped by "massive manipulation."
    Roubini also argued bitcoin isn't a hedge against inflation or a store of value, because of its correlation with stocks.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Nouriel Roubini, an economist known as "Dr. Doom" for his bearish views, said bitcoin is not a hedge against inflation and investors are...
    Read more ...

     

  • 'Dr. Doom' economist Nouriel Roubini says bitcoin is not a hedge against inflation and investors are 'feeding the bubble'

    'Dr. Doom' economist Nouriel Roubini says bitcoin is not a hedge against inflation and investors are 'feeding the bubble'

    8 days ago - By Business Insider

    Summary List Placement Nouriel Roubini, an economist known as "Dr. Doom" for his bearish views, said bitcoin is not a hedge against inflation and investors are "feeding the bubble" in an interview with Yahoo Finance on Monday.
    "If people were really worried about inflation they would diversify in a wide range of assets that are historical good hedges against inflation. That's not happening," Roubini said.
    "People say bitcoin's a store of value against tail risk, but in February, March of last year when US stocks went down, say 35%, bitcoin was not a hedge, it went down by 50%" the...
    Read more ...