Noted economist Nouriel Roubini thinks the price of bitcoin is going to zero.
Dr Doom also said that traders will use wash trading to prop up the prices. Wash trading in the crypto world involves someone buying and selling their own order to manipulate markets. And artificially props up the trading volume. Other market participant are seeing that the volume is increasing and enters in the market as well.
His tweets followed comments on Bloomberg last week in which he called bitcoin the "biggest bubble in human history."
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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