Tag: Nouriel

‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks – Economics Bitcoin News

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Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known as “Dr. Doom,” shared an opinion editorial on April 1 via MarketWatch. The article discusses turmoil in the U.S. banking sector, and Roubini highlights how banks in America carry unrealized losses on securities amounting to…

Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar – Economics Bitcoin News

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Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies (CBDCs) and corporate payment rails contribute to a new landscape. Nouriel Roubini Predicts Greenback’s Fall From Grace Nouriel Roubini, an economist known for the accuracy of his predictions regarding the 2008 housing crisis, has warned about the rise of a “bipolar currency regime” preceded by…

‘Dr. Doom’ Nouriel Roubini to Launch Tokenized Dollar Replacement — With Payment and ESG Features – Bitcoin News

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Economist Nouriel Roubini, a crypto skeptic known as “Dr. Doom,” is developing a tokenized asset intended to be a more resilient U.S. dollar. “Our goal is to create a global store of value … This is something akin to a substitute for Treasuries, or a digital asset that has payment features in it.” Nouriel Roubini’s Tokenized USD Alternative Economist Nouriel Roubini revealed this week that he is developing a suite of financial products, including a tokenized asset, called the United Sovereign Governance Gold Optimized Dollar (USG), to act as a…

Nouriel Roubini oversees the development of tokenized dollar replacement

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Economist and cryptocurrency critic Nouriel Roubini is heading up the development of a tokenized asset to combat fears of rampant economic stagnation and inflation. Roubini has long been a skeptic of the cryptocurrency space, which makes his own foray into the world of digitized financial instruments intriguing. In his role as co-founder and chief economist of Dubai-based investment firm Atlas Capital Team LP, Roubini is helping with the roll-out of a set of financial instruments to launch a security token that will act as a “more resilient dollar.” As initially…

Biden and Yellen will crack down on crypto ‘criminal cesspool’ — Nouriel Roubini

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Bitcoin (BTC) naysayer Nouriel Roubini believes that incoming U.S. president Joe Biden will go much further than Donald Trump in controlling cryptocurrency. In a fiery Twitter debate on Dec. 24, Roubini, who is known for both his dislike of crypto and his ability to call market bottoms by mistake, called the sector a “cesspool.” Roubini to pro-Bitcoin lawyer: “You are delusional” Roubini was responding to Jake Chervinsky, a lawyer studying the fallout from the recent news that U.S. lawmakers were demanding that stablecoin payments implement on-chain Anti-Money Laundering and Know-Your-Customer…

Nouriel Roubini Slams Bitcoin After Initially Calling It a Partial Store of Value

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Dr. Nouriel Roubini, a notorious Bitcoin critic, and economic analyst has yet again cautioned institutions and retailers against investing in the digital currency. He cited the recent drop in the price of the coin and the fact that it is too volatile to be useful as a store of value. However, this statement appears contradictory to what he initially said about Bitcoin earlier this month. Nouriel Says Bitcoin has no Store of Value The NYU professor had claimed that Bitcoin has no intrinsic value since it is not backed by…

‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Revolution in Central Bank Digital Currencies

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Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin After years of publicly mocking and ridiculing bitcoin, Nouriel Roubini has admitted that bitcoin may be a partial store of value. Roubini teaches at New York University’s Stern School of Business and has his own economic consulting firm called Roubini Macro Associates. Famed for…

Bitcoin ‘Maybe Is a Partial Store of Value,’ Concedes Nouriel Roubini

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Economist Nouriel Roubini — also known as “Dr. Doom” for his prediction of the 2007-2008 financial crisis and a notorious critic of cryptocurrencies — has conceded that Bitcoin (BTC) is “a partial store of value.” Roubini made the concession during a panel together with a host of high-profile crypto industry figures such as Brock Pierce, Bobby Lee and Tone Vays — during the CC Forum 2019 conference in London on Oct. 16. “Maybe Bitcoin is a partial store of value” As Tone Vays suggested in a tweet on Oct. 17,…

Nouriel Roubini Pens an Anti-Crypto Letter, Calls Financial Regulators to Wake Up

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Professor and renowned economist Nouriel Roubini, also known as Dr. Doom due to his gloomy predictions, penned down a long anti-crypto letter on July 16, calling on the U.S. financial regulators and other regulators to wake up from their slumber concerning crypto. According to Roubini, every civilized country operates stringent financial laws for good reasons. Creating a means to circumvent these laws only allows for fraudulent acts at the detriment of investors. Despite the multitude of fraudulent cases erupting every now and again in the crypto market, he argues that…

Crypto Combat: Bitcoin Critic Nouriel Roubini vs. BitMEX CEO Arthur Hayes

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The economist and diehard crypto critic Nouriel Roubini who is also known as “Dr. Doom” and the CEO of the crypto exchange BitMEX Arthur Hayes recently held a debate, which later turned into the massive spat, at the Asia Blockchain Summit this week organized in Taipei. The interesting thing about the debate is that it didn’t go live online yet, even after it was labeled as “Tangle in Taipei.” In response to Business Insider’s email, Hayes called Roubini a “one-trick pony,” while Roubini called Hayes a “total arrogant jerk.” Nouriel…