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Bitcoin is Surging, Dr. Doom, Are You OK? - BTC Community

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Thu, 04/30/2020 - 13:22
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Yuri Molchan
The well-known Bitcoin critic Nouriel Rubini is being trolled by the crypto community for calling BTC ‘not a good hedge vs risky assets in risk-off episodes’
Bitcoin is Surging, Dr. Doom, Are You OK? - BTC Community
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On March 9, before Bitcoin faced a historic collapse on Black Thursday, March 12, the prominent economist and Bitcoin skeptic Nouriel Roubini posted a tweet, claiming that Bitcoin cannot be considered a good hedge against very risky assets.

Known as Dr. Doom for predicting the financial crisis back in 2008-2009, he has not made any famous predictions concerning the current state of the global economy. Back in March, Roubini stated that Bitcoin falls harder than risky assets.

Dr Doom BTC
Image via Twitter

Misha Lederman dares Roubini to talk Bitcoin again

TronWallet’s Director of Communications and Marketing, Misha Lederman, has tagged Roubini in a recent tweet, asking him to discuss Bitcoin’s performance this year once again. Bitcoin surged above $9,000 earlier today and has actually been doing even better than gold this year.

The CEO of Pantera Capital, Dan Morehead, has tweeted some data suggesting that BTC has been outperforming all major traditional assets this year, including oil and gold.

Related
Mike Novogratz Urges Investors to Buy Bitcoin (BTC), Gold (XAU), Here’s Why

Bitcoin community trolling Dr. Doom

Misha Lederman is not the only person in the community who thought of Dr. Doom Roubini today, after seeing Bitcoin skyrocket.

Peter Schiff rushes to explain Bitcoin’s rise

The CEO of Euro Pacific Capital Peter Schiff is well-known to Bitcoiners for sharing Roubini’s attitude on BTC. On March 14, after Bitcoin managed to make a slight recovery from its epic 50-percent crash, Schiff stated that BTC was about to lose another fifty-percent.

He has now responded to BTC surging before anyone started reminding him of that tweet. He took to his Twitter page to say that Bitcoin has been surging purely because of speculators.

Some Bitcoiners, however, are also trying to turn Peter Schiff's attention to the Bitcoin price action.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.