"Dr. Doom" predicted the crash of Bitcoin

Professor of Economics at the Stern School of Business at New York University Nouriel Roubini thinks that Bitcoin is a giantic speculative bubble
09 November 2017   2412

Professor of Economics at the Stern School of Business at New York University Nouriel Roubini called the price growth of bitcoin and other crypto-currency "a giantic speculative bubble." He stated this in an interview with Business Insider.

Roubini is also known as Doctor Doom, as he predicted the financial crisis of 2008. Despite the fact that he regards the technology of the distributed ledger as promising, the scientist sees no fundamental factors for maintaining the current price of bitcoin. Roubini also pointed to the lack of "serious" prerequisites for the storage of capital in bitcoin.

The bitcoin feeds on itself. There are no fundamental reasons for its price to reach such levels. What’s more – it is also used by criminals, for their shady business. I think that more and more countries will start to make cryptocurrency exchanges illegal like China did. New regulations will be adopted. So, this will find its end.  
 

Nouriel "Dr. Doom" Roubini

Professor of Economics, Stern School of Business at New York University

It is worth noting that Roubini is not the first to attack the first crypto currency. Back in 2014, he called bitcoin a "financial pyramid" because of the excessive volatility of the price and the closure of the Mt.Gox stock exchange. 

BTC Extortionists to Send Explosion Threats In US & CA

Police reported that explosive devices in the places specified by extortionists were not found
14 December 2018   90

In Canada and the United States, local businesses and residents received letters threatening to detonate a bomb if they did not send bitcoins to extortionists. Because of this, in some regions, law enforcement officers evacuated people from bus stations, schools and airports, reports Global News.

Extortionists threatened to blow up universities, schools, city halls and local businesses in the US states of Utah, Aidaxo, New York, Oklahoma and Illinois. The New York City Police Department urged residents not to panic or send bitcoins to criminals. Police also reported that explosive devices in the places specified by extortionists were not found.

In Canada, extortionists promised to blow up buildings and car dealerships in Toronto, Edmonton, Ottawa, Calgary and Montreal. Some residents of the attackers asked for a ransom in bitcoins in the amount of $ 20 thousand. After verification, the Calgary police stated that the messages were part of phishing attacks and did not pose a threat to the public.