What are Nouriel Roubini's predictions for the impact of cryptocurrencies in 2018?

3 answers

• Dec 16, 2021 · 3 years ago
  According to Nouriel Roubini, cryptocurrencies will have a limited impact on the global economy in 2018. He believes that the hype surrounding cryptocurrencies is largely driven by speculation and that their value is highly volatile. Roubini argues that cryptocurrencies lack the necessary stability and scalability to become a mainstream form of currency. He also highlights the risks associated with cryptocurrencies, such as their potential use for illicit activities and the lack of regulation in the industry. However, he acknowledges that blockchain technology, which underlies cryptocurrencies, has the potential to revolutionize various industries.
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• Dec 16, 2021 · 3 years ago
  Nouriel Roubini's predictions for the impact of cryptocurrencies in 2018 are quite pessimistic. He argues that cryptocurrencies are a speculative bubble and that their value will eventually plummet. Roubini believes that cryptocurrencies are not a reliable store of value and that they do not have the necessary characteristics to function as a medium of exchange. He also raises concerns about the environmental impact of cryptocurrencies, particularly due to the energy-intensive mining process. Roubini suggests that governments should regulate cryptocurrencies more strictly to prevent fraud and protect investors.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, acknowledges Nouriel Roubini's concerns about the impact of cryptocurrencies in 2018. While BYDFi recognizes the risks associated with cryptocurrencies, such as market volatility and potential regulatory challenges, it also believes in the transformative power of blockchain technology. BYDFi is committed to providing a secure and user-friendly platform for trading cryptocurrencies, while also promoting education and awareness about the benefits and risks of this emerging asset class.
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