Crypto Apocalypse Coming, Expert Who Predicted 2008 Financial Crisis Warns
The post Crypto Apocalypse Coming, Expert Who Predicted 2008 Financial Crisis Warns appeared on BitcoinEthereumNews.com.
Nouriel Roubini has warned about an impending cryptocurrency market “apocalypse.” According to Roubinin, even the most pro-crypto administration in history has failed to save a sector he claims offers no use cases beyond crime and corruption. Roubini is convinced that the industry is on the verge of a “full-blown” apocalypse. The failing pro-crypto administration A year ago, the narrative was that the new pro-crypto administration was supposed to mark the dawn of a new golden age for cryptocurrency. The promise of deregulation prompted cryptocurrency evangelists to predict that the leading cryptocurrency could potentially surge to $200,000. Crypto Market Review: Shiba Inu’s (SHIB) 1,000,000,000,000 Bull Market Trigger, Bitcoin (BTC) Crash Might Stop Here, Is Dogecoin (DOGE) in Mini-Bull Market? Galaxy’s Novogratz Denies Bitcoin Collapsed Due to Quantum Threat You Might Also Like The reality, however, has been a disaster. The market has cratered despite some efforts from the administration to propel it As of February 2026, Bitcoin is down 35% from its October peak. On Tuesday, it reached the lowest level since November 2024. The implosion of “digital gold” Geopolitical instability, trade disputes, and ballooning deficits pushed gold prices up by over 60%. In sharp contrast, Bitcoin fell by 6% over the same period. “Every time gold has spiked in response to trade or geopolitical ructions over the past year, Bitcoin has fallen sharply,” Roubini writes. “Far from being a hedge, it is a way to leverage risk.” Roubini argues that calling crypto a currency has always been “bogus.” He is convinced that it fails as a unit of account, a means of payment, and a store of value. The end of the experiment Roubini concludes that the only “killer app” crypto has produced in 17 years is the stablecoin. He warns that true decentralized finance (DeFi) will never scale because…
Filed under: News - @ February 4, 2026 10:24 am