Roubini exposes Bitcoin manipulators: One of the biggest scams ever, price should be 80% lower

LONDON — NYU professor Nouriel Roubini shrugged off the ridicule of his peers when steadfastly warning against the Great Financial Crisis of 2007 when the world could only see economic sunshine. But "Dr Doom" turned out to be "Dr Right" – and he's at it again with a dire warning about the price of Bitcoin which he says has been manipulated by what he calls a criminal currency exchange Bitfinex in a classic "pump and dump" scam. Roubini reckons the Bitcoin price has been pushed at least 80% beyond its true value. In this podcast we go back to 2007 to confirm Roubini's impeccable credentials and then move forward to a warning that should strike fear into everyone who has an interest in the Bitcoin market. – Alec Hogg

I first came across Nouriel Roubini in 2007 at the World Economic Forum in Davos. Back then, the WEF annual meeting would run from the last Tuesday night in January through to Sunday lunchtime. The first must-attend session was a high powered panel discussion on the World Economic Outlook held at 9am on Wednesday morning. Back in 2007, the mood among the cream of the world's economists was buoyant. Prof Laura Tyson from the University of California Berkeley and former chair of the US President's Council of Economic Advisors reflected what most of them were thinking when she put forward her case…

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