Famous economist Nouriel Roubini, also known as Dr. Doom, publicly called Tether tokens a scam, because they, in his opinion, are used for artificial pumping of the bitcoin price. Without these "criminal manipulations", the bitcoin rate would drop by 80%, Roubini says, referring to econometric research data.
Tether Printing Press in High Gear, Issuing $400 of Fake USD in 4 Days to Manipulate and Prop Up the Price of Bitcoin. Without this criminal manipulation Bitcoin would crash by 80% based on a recent econometric study. And regulators are asleep at the wheelhttps://t.co/k2TkbLhBQI
— Nouriel Roubini (@Nouriel) January 25, 2018
Nouriel Roubini refers to the material at Bitcoin. com, where it is said that over the past few days, Tether has released USDT for $ 400 million. Meanwhile, miners generate new bitcoins daily for about $ 18 million.
Previously, numerous sources, including Bitfinex'ed, the main critic of Tether, repeatedly drew attention to the huge amounts of USDT being issued and that in fact they are not provided with anything.
Moreover, in its recent survey, which listed four reasons that could lead to the collapse of the crypto-currency market, CNBC mentioned Tether as a separate line.