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Cryptocurry | 23.01.2025 17:48:41
SPECULATIVE DYNAMICS: Nouriel Roubini predicts another bitcoin bubble
Renowned economist Nouriel Roubini, often nicknamed "Dr. The destruction" for his pessimistic economic forecasts, he reiterated his stance on Bitcoin and predicted another speculative cryptocurrency market .
- Roubini argues that Bitcoin lacks the basic characteristics of the currency or stable asset, which makes it prone to speculative laminations.
Volatile and speculative nature of Bitcoin
Roubini emphasizes that Bitcoin's extreme volatility undermines its usefulness as a reliable store of value or means of exchange. It points out that the value of cryptocurrency is driven primarily by speculative demand rather than intrinsic value, which leads to periodic bubbles and subsequent collapses.
Historical precedents
Refering to the past development of the Roubini market, it notes that Bitcoin has experienced significant cycles of boom and fall. For example, between 2017 and 2018, the price of Bitcoin rose from 1 000 USD to almost 20 000 USD, in order to fall to approximately $3 000 USD by the end of 2018. It suggests that similar patterns are likely to be repeated due to the speculative dynamics of the market.Latest posts from Nouriel Roubini
As I clearly wrote and predicted late last year market discipline would punish swiftly and sharply Trump’s policies that - like high tariffs - cause higher inflation and lower growth. Indeed, both bond and stock vigilantes woke up over the weekend as Trump unleashed high tariff…
200+ likes
Nouriel
X (Twitter) · 2 days ago
200+ likes
Nouriel
X (Twitter) · 2 days ago
My Bloomberg TV this morning on AI, Deep Seek and markets.
Roubini: US to Set Rules of Global Technological Order
www.bloomberg.com/news/…
30+ likes
Nouriel
X (Twitter) · 4 days ago
In my modest opinion the DeepSeek surprise/shock is - counterintuitively - over time bullish for US and global stocks as it is another positive global aggregate supply shock that increases US/global potential growth and makes exponential AI even more exponential!
30+ likes
Nouriel
X (Twitter) · 4 days ago
In my modest opinion the DeepSeek surprise/shock is - counterintuitively - over time bullish for US and global stocks as it is another positive global aggregate supply shock that increases US/global potential growth and makes exponential AI even more exponential!
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