Nouriel Roubini, the former Clinton administration economist nicknamed “Dr. Doom” due to his prediction of the 2008 financial collapse, resumed his criticism of cryptocurrencies on Twitter Tuesday.

Just prior to a Senate Committee hearing on cryptocurrencies, he wrote, “Cryptocrazies are also criminal Cyber-Terrorists,” and alleged that his consulting firm, Roubini Global Economics, was targeted in a 2015 denial-of-service attack because he criticized bitcoin.

Roubini further claimed that he had received death threats as a result of his views. Roubini said in the tweet that he anticipated another attack, and had received recent threats..

These alleged threats did not force the economist to back down from his stance on bitcoin, however. In another tweet, the New York University professor praised Agustin Carstens, the head of the Bank for International Settlements (BIS), for labeling bitcoin as a “Ponzi scheme” in a speech Tuesday.

In other tweets, Roubini posted links to several articles claiming a connection between bitcoin and criminal activity. At the same time, he noted bitcoin’s recent price decline and the overall cryptocurrency market correction, saying that bitcoin is starting “to look like a dinosaur on the way to extinction,” and suggested that its value will remain volatile.

As previously reported by CoinDesk, Roubini has been a consistent and vocal critic of bitcoin and cryptocurrencies more generally.

Last month, he condemned the notion that cryptocurrencies could replace fiat currencies as “utterly idiotic.” In the past, he has also dismissed bitcoin as a bubble and a “Ponzi game.”

Image via Shutterstock

Disclaimer Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.