Bitcoin is experiencing another blow today due to a number of negative reports and gloomy predictions about its future. The price of the cryptocurrency declined to as low $5,947.40 on Tuesday, according to the data from Coindesk.
Nouriel Roubini, a well-known economist predicted that the price of bitcoin will drop to zero. He has been a strong critic of the cryptocurrency—calling it the “biggest bubble in human history.”
Yesterday, Roubini posted a series of tweets predicting the collapse of bitcoin. He said “HODL nuts will hold their melting bitcoins all the way down to zero while scammers and whales dump and run.”
Bitcoin crashing now to $6,100. And the US Hearing on cryptoscams is only a day away. So a $5K handle looks highly likely unless the crypto-manipulation gangs starts pumping and dumping or wash trading again. So HODL nuts: be ready for a 75% loss from recent peaks.
— Nouriel Roubini (@Nouriel) February 6, 2018
Bitcoin crashing now to $6,100. And the US Hearing on cryptoscams is only a day away. So a $5K handle looks highly likely unless the crypto-manipulation gangs starts pumping and dumping or wash trading again. So HODL nuts: be ready for a 75% loss from recent peaks.
— Nouriel Roubini (@Nouriel) February 6, 2018
Roubini is popularly known as “Dr. Doom” because of his negative economic outlooks. He correctly predicted the 2007-2008 financial recession. He is the chairman of Roubini Macro Associates.
