Well-known economist Nouriel Roubini, who once said 99% of crypto is a scam, has now launched his personal crypto venture.
Also called “Dr.Doom” for his pessimistic predictions, Roubin has co-founded a cryptocurrency venture known as “Atlas”.
The venture is being marketed as some climate-related token that promotes accessible, and scalable returns in areas the place they’re most wanted.
The official web site of the venture claims Atlas is pegged to a fastidiously chosen portfolio of liquid real-world property—climate-resilient REITs, strategic commodities, inflation-hedged sovereign bonds, and gold.
Nouriel Roubini’s Brutal Assaults on Crypto
Prior to now, Roubini minced no phrases when he attacked the crypto business. In November 2022, throughout Abu Dhabi Finance Week, Roubini stated that the entire crypto ecosystem is a fraud. He stated:
“What are the seven C’s of crypto? Hid, corrupt, crooks, criminals, conmen, carnival barkers, and CZ.”
In January 2023, when the FTX collapse was unfolding, Roubini took the chance to as soon as once more criticize crypto. He stated that 99% of crypto is a scam, criminal, bubble and a massive Ponzi scheme.
Roubini was additionally not offered on blockchain tech separate from crypto. He stated that the blockchain is probably the most hyped expertise ever.
CZ Calls Roubini “Shameless”
Binance CEO Changpenz Zhao known as out Roubini for placing the Binance emblem on his crypto venture’s web site Atlas with out the alternate’s permission. CZ posted on X:
“Some persons are shameless. After attacking Binance publicly on stage a 12 months in the past, now points a token and places Binance emblem on their web site with out permission.”
Some persons are shameless.
After attacking Binance publicly on stage a 12 months in the past, now points a token and places #Binance emblem on their web site WITHOUT permission. 🤡🤷♂️😂 pic.twitter.com/WENaTO4tE4
— CZ 🔶 Binance (@cz_binance) November 7, 2023
Bitmex co-founder Arthur Hayes, who has also been attacked by Roubini, took a dig on the economist’s crypto venture. Atlas token that claims to be enabled by AI, ML, Local weather Know-how and Blockchain. Hayes responded saying “Wow my bestie Nouriel included all of the buzzwords it should imply he’s going to become profitable.”
Wow my bestie @Nouriel included all of the buzzwords it should imply he’s going to become profitable. https://t.co/fT2gSO40UV
— Arthur Hayes (@CryptoHayes) November 8, 2023