Global economist Nouriel Roubini conceded Bitcoin may have partial store value
- Nouriel Roubini, who is a well-known crypto critic was recently conceded about Bitcoin value.
- He noted that Bitcoin is a partial store value while speaking on a panel at an event in London.
Globally known economist Nouriel Roubini, also dubbed “Dr. Doom” for his prediction of the 2007-2008 financial crisis, he is also a notorious critic of cryptocurrencies.
Recently, Roubini was speaking at the CC Forum 2019 in London, where he conceded that Bitcoin (BTC) is “a partial store of value.” Roubini made the concession while on a panel together with crypto industry figures such as Brock Pierce, Bobby Lee and Tone Vays.
Roubini said:
Maybe Bitcoin is a partial store of value but it’s not a unit of account, it’s not a means of payment, it’s not scalable, in spite of its rally earlier this year, it’s lost 60% in value since it’s peak, so I don’t see it going anywhere frankly.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
