Prominent economist keeps bashing crypto space, saying that Barry Silbert’s DCG may go bankrupt and push prices lower
Noting the potential risk of bankruptcy for Digital Currency Group (DCG), Nouriel Roubini has said on Twitter that bitcoin and other cryptos may be worth less than they are now, and that the fact that its subsidiary allegedly grayscale Can’t give proof of back property. GBTC.
Besides, after slamming CZ of Binance once again, “Dr. Doom” Roubini has expanded his criticism to the “four Gs” – which includes Grayscale and the liquidity problems of Genesis Global Capital. Both are affiliated with DCG.
Roubini claims Barry Silbert’s DCG could be at risk
In a recent tweet, NYU economics professor Nouriel Roubini took aim at “crypto’s Gunsta G Gang of Four”. These are the four major companies in the crypto space, two of which are linked to crypto billionaire Barry Silbert’s digital currency group – Grayscale and Genesis Global Capital.
“Dr. Doom” also claims that the prices in the crypto market may fall lower considering the bankruptcy risk for crypto mammoth Digital Currency Group due to its exposure to Genesis Global Capital. The latter has frozen withdrawals recently. Its partner Gemini Earn run on the Winklevoss’s exchange followed suit.
Overall, he tweeted that four major companies, including Mike Novogratz’s Galaxy Digital (which had invested in FTT), are now in big trouble.
Taking a jab at CZ once again
Over the past week, Nouriel Roubini, also widely known as “Dr. Doom” for his prediction of the mortgage crisis of 2008-2009, has taken an aim at the head of Binance exchange CZ and has been “picking a fight” with him.
Roubini has slammed CZ for the second time using the same technique – he tweeted several “C”s that bear negative associations with the crypto space. Among them was CZ Binance, coming after the “corrupt”, “criminals”, cults, etc.
Besides, Roubini also “awarded” the crypto industry on the whole with a few colorful descriptions: “collapsing Ponzi scheme”, “collapsing House of Cards”, “Mother of All Bank Runs” and others.
In a recent interview, Roubini also compared CZ to North Korean dictator Kim Jong-un.
