Create FREE account or log in

to receive MINING.COM digests

Roubini unleashes Twitter attack on Bitcoin

NYU Stern School of Business professor Nouriel Roubini spent Sunday morning blasting Bitcoin five times, in under 140 characters.

Roubini explained through Twitter why he thinks Bitcoin isn’t a currency and is a Ponzi scheme.





Roubini’s Tweets may anger the Bitcoin crowd but the economist is probably used to it, having incurred the wrath of gold bugs many times.

He’s written before that currencies serve three functions: “providing a means of payment, a unit of account, and a store of value.”

Since, according to Roubini, gold doesn’t meet the first two conditions, it should only make up a small portion of an investor’s portfolio.