Nouriel Roubini, a well-known economist known as “Dr. Doom,” has been downbeat about Bitcoin, saying that its “intrinsic value is zero. The cryptocurrency, and Bitcoin, is a misnomer because it doesn’t have any monetary characteristics.
Bitcoin took a short dive of more than $1,000 this week, losing $56,000.
He explained that bitcoin has no unit value, no unit value, and it has no scale advantage or effect in terms of payments.
Roubini further pointed out that while houses or Gold, for example, have intrinsic value, bitcoin has no income, it’s not decorative like jewelry, and it has no industrial value. So it has no intrinsic value, it has zero intrinsic value.
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