Is Roubini Right About Bitcoin?

"Fundamentally, bitcoin is not a currency. It's not a unit of account, it's not a scalable means of payment, and it's not a stable store of value," Roubini said. ... "In our opinion, unless bitcoin volatility subsides quickly from here, its current price…

What does Nouriel Roubini say about bitcoin?

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.

Is inflation good or bad for bitcoin?

Investment in bitcoin, the most popular cryptocurrency, can work as a hedge against inflation, according to many fans of the digital coin. ... Consumer price inflation in the country has remained higher than the Reserve Bank of India's (RBI) target of 4% for most of last year.