Bitcoin ‘not even a reliable hedge for risk-off events, let alone inflation shocks’: Nouriel Roubini

 Bitcoin ‘not even a reliable hedge for risk-off events, let alone inflation shocks’: Nouriel Roubini


‘Bitcoin isn’t even a reliable hedge for risk-off events, let alone inflation shocks. It’s actually highly pro-cyclical…In difficult times, crypto assets don’t go up; they go down.’


— Nouriel Roubini, CEO, Roubini Macro Associates

That’s New York University economist Nouriel Roubini in an interview with Goldman Sachs Group Inc.’s
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“Top of Mind” publication, pushing back against the idea that bitcoin and other cryptos are an alternative to other instruments as a hedge against inflation. In…

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