The economist Nouriel Roubini, or perhaps more known as Dr. Doom, has a very pessimistic outlook on the virtual currency known as bitcoin, that lacks both a central bank and central government.
Dr. Doom is not the only one that has a negative view on bitcoin. Thailand has ruled the digital currency illegal and Japan looks at it more as a commodity of trade.
However, more and more celebrities in the financial world actively advocates bitcoin, among others, the billionaire Richard Branson who would allow bitcoin as a means of payment in his space flight venture according to CNBC (http://www.cnbc.com/id/101220710). Quite a few smaller companies have bitcoin to thank for their success according to CNBC.
This does nothing to change the mind of Nouriel Roubini who claims that bitcoin only feeds criminality and that everyone who is already using it immediately should trade it into a traditional currency such as USD.
“So Bitcoin isn’t a currency. It is btw a Ponzi game and a conduit for criminal/illegal activities. And it isn’t safe given hacking of it.” Roubini tweeted last Sunday.
More Reading:
Forex HYIP programs – the tell tale signs of a forex scam
Bernard Madoff Fast Track to Poverty
Related Articles
- SEC Charges Filed Against Scammers Show Why It Can Be So Hard To Spot Fraudsters
- MetaTrader MT4 and MT5 Disappear From Apple’s App Store
- The New Crypto Scams To Look Out For After ‘The Merge’
- Online Influencer And $55m Disappear In Social Media Forex Scam
- World’s Largest Corporate Owner of Bitcoin Charged By Attorney General
- Risk Presented By New ‘Clone’ Firm Jupiter Holdings Merits FCA Intervention
MetaTrader MT4 and MT5 Disappear From Apple’s App Store
Safest Forex Brokers 2022
| Broker | Info | Best In | Customer Satisfaction Score | ||
|---|---|---|---|---|---|
| #1 |
 Your capital is at risk
Founded: 2006 |
Globally regulated broker |
BEST CUSTOMER SUPPORT
Visit broker
|
|
|
| #2 |
 Your capital is at risk
Founded: 2014 |
Global Forex Broker |
BEST SPREADS
Visit broker
|
|
|
| #3 |
 66% of retail CFD accounts lose money
Founded: 2014 |
Global Forex & CFD Broker |
Best Trading Conditions
Visit broker
|
|
|
| #4 |
 67% of CFD traders lose
Founded: 2007 |
Global CFD & FX Broker |
ALL-INCLUSIVE TRADING PLATFORM
Visit broker
|
|
|
| #5 |
 72 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Founded: 2008 |
Global CFD Broker |
Best Trading App
Visit broker
|
|
|
|
|
|||||
Stay up to date with the latest Forex scam alerts
Sign up to receive our up-to-date broker reviews, new fraud warnings and special offers direct to your inbox