Economist Nouriel Roubini expressed his doubts about Bitcoin, referring to it as a speculative asset and dismissing its potential as a legitimate currency or hedge against inflation. He highlighted Bitcoin's volatility, lack of utility as a medium of exchange, and inability to meet the basic requirements of a currency, such as being a stable store of value and scalable means of payment. Roubini also disagreed with the notion that Bitcoin provides protection against inflation, citing its correlation with the stock market instead. He raised concerns about regulatory developments in the crypto space, warning that looser regulation could lead to scams and market failures. Roubini emphasized the need for oversight to mitigate fraud and volatility risks.



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