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

6 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

6 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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