Nouriel Rubini, Professor at New York University. Hankyung DB
The’Bitcoin Bubble Burst Day’ predicted by Professor Nouriel Rubini of New York University, famous for’Dr. Doom’, is approaching.
On the night of the 7th (local time), Professor Rubini wrote on his twitter that “January 15th is coming, for the bitcoin bubble to pop.”
He is considered one of Wall Street’s representative “pessimists” and has long been negative for Bitcoin. Last year, when the price of bitcoin soared, he said, “The shitcoin bubble will surely burst.” However, it was the first time to claim a plunge by picking up a specific date, so it drew attention.
Professor Rubini did not give a concrete basis for the bubble collapse theory. So, the observation that his prophecy will end in a gloomy happening is predominant. However, there remains a possibility that bitcoin will fit’like a cow’s backstep and catch a mouse’ as it is showing a wild run.
In and out of the virtual currency market, some interpreted that the case of’tether’, a kind of stable coin (a virtual currency that reduced price volatility), was in mind. Tether is being investigated by New York prosecutors on charges of manipulating the price by issuing coins without sufficient deposit. Until the 15th, the time when these companies must submit evidence proving their innocence.
Christine Lagard, President of the European Central Bank (ECB) / Yonhap News
The evaluation of the function and value of bitcoin is also mixed with extremes in the financial sector.
On the 13th (local time), the president of the European Central Bank (ECB), Christine Lagard, criticized that cryptocurrencies, including bitcoin, are speculative assets and are mobilized for money laundering.
According to foreign media, Governor Lagarde said at an online event hosted by Reuters that “I’m sorry to those who believe it will be converted into currency, but virtual currency is a very speculative asset.” He said cryptocurrencies were “used for some funny business and money laundering activities.”
Reporter Lim Hyun-woo [email protected]
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