Tag: gamble

Financial Expert Who Predicted 2008 Crash Warns About Cryptocurrency Bubble

Nouriel Roubini, the economist credited with predicting the 2008 global financial crisis said a 12% fall in the value of bitcoin on Friday was the latest proof that the cryptocurrency was the biggest bubble in history and destined for a crash. Roubini, professor of economics at New York University, said bitcoin was “the mother of…

Cramer: Bitcoin is like ‘Monopoly money’ — you’re better off gambling in Vegas

Bitcoin is a pure gamble, and those interested in the cryptocurrency should just go to Vegas, CNBC’s Jim Cramer warned on Wednesday. The cryptocurrency, which has surged more than 1,000 percent this year, broke above the $12,000 mark on Wednesday morning, according to industry site CoinDesk. Bitcoin’s rapid gains have prompted some market participants to…