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  • 'Dr. Doom' economist Nouriel Roubini says bitcoin is not a hedge against inflation and investors are 'feeding the bubble'

    3 days ago - By Business Insider

    Nouriel Roubini
    Pier Marco Tacca/Getty Images
    Economist Nouriel Roubini renewed his pessimistic views on bitcoin in an interview with Yahoo Finance this week.
    The professor said he sees bitcoin as a "pseudo-asset" that is pumped by "massive manipulation."
    Roubini also argued bitcoin isn't a hedge against inflation or a store of value, because of its correlation with stocks.
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    Nouriel Roubini, an economist known as "Dr. Doom" for his bearish views, said bitcoin is not a hedge against inflation and investors are...
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  • Bitcoin is 'speculation of the highest order' and should be banned, says billionaire investor Rakesh Jhunjhunwala

    3 days ago - By Business Insider

    Bitcoin.
    KTS Design/Science Photo Library/Getty Images
    Billionaire investor Rakesh Jhunjhunwala believes bitcoin should be banned.
    "I think it's speculation of the highest order. I don't want to join every party in town. I think the hangover is much worse," he told CNBC on Tuesday.
    He also thinks Indian regulators should ban the token and focus on an Indian digital currency.
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    Billionaire investor Rakesh Jhunjhunwala joined the chorus of bitcoin bulls on Tuesday, saying in an interview that regulators should crack down...
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