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Still Nouriel Roubini and Anthony Pompliano
Nouriel Roubini, better known as Dr. Doom, has been challenged to bet against the cryptocurrency of Anthony Pompliano. Nouriel, an economist who achieved fame after his forecasts of the American economy in 2006, which caused the largest global financial meltdown in generations, actively predicted the end of the cryptosides. Anthony, known crypto-writer and investor, has not welcomed this.
After the crash of last month, cryptocurrencies stabilized this week. While the recovery is slow, Anthony has been bold in predicting that the criptos will exceed the S & P500 index within 10 years, and has bet $ 1 million on this prediction. After the hard words of Nouriel he was invited to bet against the performance.
In a war of words, the initial salvation salvations were killed by Nouriel when he said he expected that many scrambled and blockchain would be unleashed. Then he continued to say it
"They had no goods, services, products, software, apps. They kept stealing money and running away." Continuing, he tweeted that the collapse of the ongoing cryptocurrency will last because it's just a "pile of nonsense dung." an answer from Anothy who asked: "Are you inside to take the other side of this bet if you think cryptography is going to zero?"
While it was happening, Mark Yusko of Morgan Creek, he also intervened and asked him to take the "Buffet Bet 2.0" if he had been so sure of the eventual end of the cryptocurrencies. In response to this, Nouriel raised doubts about the return on investment, the time period in question and other previous forecasts.
The bet referred to is the famous bet for the investor magnate and American business, Warren Buffet. At the beginning of the decade, Mr. Buffet had foreseen a change in the markets. He had bet $ 1 million that the S & P, an index fund, would end up outperforming five actively managed hedge funds. Those forecasts came true last year and Buffet won that bet.
Now Anthony is doing the same thing with his prediction and has invited the Twitterati who believe otherwise, to go to the other side of the bet. Nouriel, with his wealth of knowledge in classical economics, has repeatedly criticized the blockchains, but after raising questions, he stopped accepting the challenge.
It is true that the prices of all the scrambled have collapsed and even the snail's recovery rate is not ideal. However, as with any nascent industry that does not even have adequate guidelines, these growing pains can be expected. skepticism should never be avoided; on the contrary, it should be welcomed.
However, the whole driving force of this movement stemmed from apparent failures in traditional economic models. So labeling everything is a sham and delivering the effort to the waters of failure, it is doing a serious injustice. If this is not true, as someone has prodded, Nouriel should put his money where his mouth is; and with passion he tweeted
"Roubini would be the perfect candidate to accept the bet, but we all know he is too cowardly … He barks but does not bite."
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