Nouriel Roubini: 99% of cryptocurrencies are scams
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New York University professor Nouriel Roubini called the cryptocurrency industry a criminal activity, and 99% of crypto assets are fraud and pyramid schemes. Speaking at the World Economic Forum in Davos, Nouriel Roubini, Chairman of Roubini Global Economics, a research company that studies international macroeconomic and market strategies, expressed his negative beliefs about the crypto industry. He mentioned the collapse of the FTX exchange and its founder Sam Bankman-Fried, who faces several fraud charges. According to Roubini, the situation with FTX is not an exception at all, but an increasing pattern in the industry. The professor advised the public not
New York University professor Nouriel Roubini called the cryptocurrency industry a criminal activity, and 99% of crypto assets are fraud and pyramid schemes. Speaking at the World Economic Forum in Davos, Nouriel Roubini, Chairman of Roubini Global Economics, a research company that studies international macroeconomic and market strategies, expressed his…
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