Cryptocurrencies
Roubini Says Bitcoin Is the ‘Biggest Bubble in Human History’
- Casts doubt on utility of blockchain as a technology
- Bitcoin is below about 60 percent from December peak
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“Dr. Doom” isn’t mincing his words when it comes to the crypto boom and bust.
Nouriel Roubini of Roubini Macro Associates said Bitcoin is the “biggest bubble in human history” and this “mother of all bubbles” is finally crashing, in an interview with Tom Keene and Francine Lacqua on Bloomberg Television. Bitcoin dropped below $8,000 Friday, a 60 percent tumble from its peak of $19,511 on Dec. 18.