According to Odaily, renowned economist Nouriel Roubini, often referred to as 'Dr. Doom,' recently expressed concerns about Bitcoin's volatility during an interview. Roubini emphasized that individuals seeking to preserve their wealth should avoid highly volatile assets like Bitcoin. He highlighted the significant fluctuations in Bitcoin's value, suggesting that it may not be a suitable investment for those prioritizing stability.
In the aftermath of Donald Trump's election victory, there was a notable influx of approximately $6.8 billion into U.S. exchange-traded funds (ETFs) directly investing in Bitcoin, according to data compiled by Bloomberg. These 12 ETFs collectively hold assets totaling around $100 billion. This substantial investment reflects a growing interest in Bitcoin as an asset class, despite the inherent risks associated with its volatility. Roubini's cautionary remarks serve as a reminder of the potential challenges investors may face when engaging with cryptocurrencies, particularly those with significant price swings.
