Economist Nouriel Roubini sharply criticized cryptocurrencies on a panel at the Milken Institute Global Conference yesterday, Bloomberg reported May 2. Roubini said that “all this talk of decentralization is just bulls**t.” Panelist Bill Barhydt, who has worked on cryptography for the CIA , responded,“I don’t even know where to begin.”
Roubini has become known in some circles as “Dr. Doom” for his canny prediction of the 2008 Financial crisis. He proceeded to censure cryptocurrencies, arguing that digital coins are not a store of value, and face scalability issues in comparison with centrally intermediated payment systems.