EDITORIAL: Bitcoin fans grow, naysayers decline
Critics have reined in their predictions of the digital currency’s demise
02 February 2021 - 05:10
In 2017 financial professionals including famed economist Nouriel Roubini credited as being among the first to predict the global financial crisis of a decade ago, labelled bitcoin a fraud and predicted it would blow up after the value of one the world’s first and most popular cryptocurrencies surged more than 15-fold.
Months into 2018 more than three quarters of its value was wiped out, proving a timely prediction of many others such as Warren Buffett, who called it “rat poison squared”, a “mirage” and a “gambling device”...
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