The economist who predicted the 2008 financial collapse has been telling congressional leaders that bitcoin and blockchain represent a significant threat to the stability of the financial marketplace. But he’s getting pushback.
New York University professor and global economist Nouriel Roubini testified before the U.S. Senate Committee on Banking last week, saying cryptocurrencies such as bitcoin are the mother of all scams and bubbles.
He followed that assertion up by calling blockchain, the technology unpinning bitcoin, “the most over-hyped — and least useful — technology in human history.”
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