Re: [2018-09-11] Stern Professor Says Bitcoin Will Hit Zero After 70 Percent Drop
I guess another professor felt the need do outdo Professor Bitcorn, the Boston University professor who predicted that Bitcoin would fall to $10. I wonder what name the community will give to Roubini. 
Fun facts: Apparently, this guy predicted the housing bubble crash of 2008 and he's been warning of various financial bubbles for years. He's known as "Dr. Doom."
Fun facts: Apparently, this guy predicted the housing bubble crash of 2008 and he's been warning of various financial bubbles for years. He's known as "Dr. Doom."
He's probably just one of those people who likes to make outlandish claims to get media attention.
BTW, why is he called Professor Bitcorn?
Sometimes I wonder what these economists have in mind, As time passes we have more adoption and this adoption will not allow bitcoin to fall to zero as this guy is saying, no one would be dumb to be creating ETF's, Custody Services or invest a lot of money if they did not believe in the potential of bitcoin. He is giving his opinion very pessimistic, but it is only his opinion and should not be given too much importance
but its price depends on the balance of supply and demand.
That's why it will not fall to zero.
I find a lot of economists don't actually know what they're talking about or are just themselves guessing or wildly speculating.