Someone Seems to Be Confusing Bitcoins and Sh*tcoins

Nouriel Roubini appeared in a panel discussion at the SALT conference held in Las Vegas. The panel discussion, titled ‘Crypto Winter: Ice Age or Great Thaw, also featured Joseph Lubin (Ethereum co-founder), and bitcoin bull Mike Novogratz. It was chaired by Rana Yared, the MD of Goldman Sachs.

The discussion had not started for long when Roubini mentioned s**tcoins. This caused some laughter in the audience, following which Roubini explained himself. This also led to a New York Post claiming that Roubini had ‘highlighted a scatological nickname to describe Bitcoin’.

Let’s take a look at the statement Roubini actually made: Even with the rise in price this year, bitcoin has dropped 70% from the peak; others included in the top ten dropped 80%; thousands of s**tcoins have gone down 95 to 99%.

Seems like even Roubini has finally grasped the difference between bitcoin and s**tcoins; the New York Post, not so much. It even correctly reported Roubini’s post-laughter-ripple continuation, which confirms that he was not referring to Bitcoin. At the SALT conference, Roubini said:

“There are 500,000 items on Google if you search ‘s- -tcoins. It’s a technical term.”

The article then continued by highlighting previous crypto-slurs made by Roubini and noted that: “Given the precipitous decline in the market… Roubini appears to have hit on a popular theme.”

Cryptocurrency News – Roubini must have made a bad statement

Lubin pointed that most of the arguments of Roubini were based on old data.

Novogratz made an unaccepted challenge suggesting that Nouriel put on a Bitcoin t-shirt if by Christmas, Bitcoin price passed $6000. Although it seems late for that now.

If you recall, last month, Vitalik Buterin (Ethereum co-founder), faced this same head-to-head at Deconomy in Seoul. If Roubini has got nothing new to say, then at least he is traveling all over the world repeatedly restating the old FUD.

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