Bitcoin will never be ‘digital gold' and Central Bank Digital Currencies will kill cryptos

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Published May 11, 2021

Watch part 1 of the interview: https://www.youtube.com/watch?v=ZDq3hMoZ8XE&ab_channel=KitcoNEWS

Valuations in risk assets continue to climb, which only strengthens the argument for rotating capital into defensive assets, such as gold, ahead of a potential market correction, said economist Nouriel Roubini, CEO of Roubini Macro Associate and professor at the NYU Stern School of Business.

Roubini cited several potential triggers for such a market correction.

“One thing that could happen is rising inflation is persistent. Second one is a taper tantrum if inflation is higher, and the Fed decides to really start tightening monetary policy. Another one that could happen is that growth could surprise on the downside, maybe not in the United States, but we’re already seeing a double dip recession in the Eurozone,” Roubini told Michelle Makori, editor-in-chief of Kitco News.

0:00 - Triggers for a market crash
4:00 - Gold price outlook and macro forces
11:00 - Bitcoin's "fundamentals"
17:00 - Bitcoin's negative attributes
19:58 - Dollar to be dethroned as dominant currency?

For more of Roubini’s research, visit https://www.theboombust.com/

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