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Points
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Futures
Futures
Hundreds of contracts settled in USDT or BTC
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HOT
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Unified Account
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CandyDrop
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Launchpool
Quick staking, earn potential new tokens
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Hold GT and get massive airdrops for free
Launchpad
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Alpha Points
NEW
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Futures Points
NEW
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Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
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Soft Staking
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Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
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BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Promotions
Activity Center
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Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
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Gate Blog
Crypto industry articles
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Proof of Reserves
Gate promises 100% proof of reserves
Roubini Macro Associates CEO and Atlas America Fund portfolio manager economist Nouriel Roubini reiterated his skepticism towards Bitcoin, describing BTC as a 'speculative asset' and rejecting its potential as a legitimate currency or protection against inflation.
Roubini, who spoke about the recent increase in Bitcoin prices, drew attention to the volatility inherent in Bitcoin and the lack of fundamental utility as a medium of exchange.
Roubini criticized Bitcoin and other cryptocurrencies for not meeting the basic requirements of a currency. He argued that Bitcoin is neither a scalable payment instrument nor a stable store of value. Referring to its past extreme price fluctuations, he stated, 'Bitcoin is not an economic unit of account, not a stable store of value, and not a scalable payment instrument'.
Drawing attention to the example of El Salvador, where Bitcoin has started to be used as a legal tender, he said that less than 1% of the transactions in the country are conducted using cryptocurrency. He added, "I don't think Bitcoin will ever become a currency."#HotTopicDiscussion