CryptoWatch: Dr. Doom calls out crypto bulls; major coins rally on SEC news

As crypto traders watched their portfolios deteriorate Wednesday, Turkish-born American economist, Nouriel Roubini took to social media to reiterate his stance on cryptocurrencies and blockchain, the decentralized technology that underpins digital currencies.

Roubini, who famously predicted the collapse in the U.S. housing market and banking system, has been just as bearish on digital currencies since they began their meteoric rise in 2017. In February, he said bitcoin was going to zero and has called bitcoin “the mother of all bubbles,” living up to his Dr. Doom nickname.

The New York University professor has frequently voiced his opinions on social media, and as digital currencies unraveled yesterday, Roubini was at it again, taking a shot at Tim Draper, who thinks a single bitcoin will be worth $250,000 by 2022.

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