Bitcoin News
By Dan Saada
1 / 11
Bitcoin – The Harder it Rises the Harder it falls
2 / 11
Bitcoin is gaining acclaim with its hard core critic ‘Dr. Doom’ Nouriel Roubini. The anti-bitcoin advocate has recently acknowledged that Bitcoin may be a store of value.
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It is very well known that Roubini has been long publically marring the reputation of the image of Bitcoin as a store of value.
4 / 11
Nouriel Roubini retweeted: “The rise of Bitcoin just proves there's too much money chasing too few assets. Even imaginary ones. What the economy needs is funding for demand.”
5 / 11
Worthy to recollect that in the past Dr. Doom called Bitcoin as the “Mother of all Scams” and also stated that it is a “stinking cesspool” fundamentally worth nothing.
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Recently Roubini seems to have changed his stance on the Bitcoin. He has stated that “BTC might may be a partial store of value because, unlike thousands of other what I…
7 / 11
As hard as it is for Dr. Doom to acknowledge that bitcoin has value he tried to establish that BTC is not a unit of account as “Nothing is priced in bitcoin or any other…
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When talking about Bitcoin, Nouriel has to say that the harder they rise, the harder they fall. He points to how it is important for investors to remember 2018 vs.
9 / 11
Anyone who is in to investing and profit making do know that there is money to be made from volatility.
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People with a keen understanding of Bitcoin feel that it is the hardest asset that humanity ever saw.
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It just looks like too many people are not happy with the reasonable returns and they are more than willing to have extraordinary risks to achieve larger returns.
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