Nouriel Roubini remains skeptical of cryptocurrency despite record price surge

Nouriel Roubini maintains his skeptical stance on cryptocurrency, despite the recent surge in Bitcoin's price. He emphasizes that Bitcoin does not function effectively as a currency or unit of account and argues that it lacks the necessary scalability to conduct transactions efficiently. Additionally, Roubini expresses doubt about Bitcoin's ability to serve as a store of value, even as it attracts attention from institutional investors.

Although Bitcoin's price has seen significant increases, currently nearing 100,000 USD, Roubini warns that its value could be manipulated and stresses that many investors may lose money in this volatile market. He also reiterates previous views that Bitcoin has almost no intrinsic value, which further solidifies his firm skepticism regarding this asset.