Bitcoin will never be 'digital gold' and Central Bank Digital Currencies will kill cryptos - Roubini (Part 2/2)

By Kitco News / May 10, 2021 / marketsanity.com / Article Link

For Part 1 of this interview, CLICK HERE

0:00?EUR< - Triggers for a market crash4:00?EUR< - Gold price outlook and macro forces11:00?EUR< - Bitcoin's "fundamentals"17:00?EUR< - Bitcoin's negative attributes19:58?EUR< - Dollar to be dethroned as dominant currency?

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.

Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International Affairs in the White House's Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.

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