Economist Rubini: in 3 years bitcoin and bank accounts will become useless

A New York University professor said that he will replace cryptocurrency and traditional financialservices, and named BTC's key problems.

Bitcoin, bank accounts and payment appswill not be needed by the world within three years. Nouriel Roubini, American economist, professor of economics at New York University, who predicted the mortgage crisis of 2008-2009, said this in an interview with Yahoo.Finance.

Finance will be revolutionized by the introduction of central bank digital currencies (CBDCs) such as the digital yuan. They will replace cryptocurrencies and traditional financial services and displace existing payment systems.

“You will not need not only cryptocurrency, but alsopayment system Venmo. You don't even need a bank account. Central bank digital currencies, which will appear in the next three years, will be a big revolution, ”predicted Roubini.

He also criticized bitcoin.The main digital asset cannot be considered a currency, it is not safe and not decentralized, believesIn addition, the first cryptocurrency is poorly scaled.It is able to conduct only 5 transactions per second, and, for example, the payment system Visa - 25 thousand.transactions per second.

"To some extent" BTC can be considered a store of value - thanks to the limited emission, it is not as easy to depreciate as most altcoins, Roubini added.

Roubini has criticized cryptocurrencies more than once. For example, in November, he said that Ethereum will someday fall to its fundamental value - to 0. The economist also stressed that the extraction of digital money leads to environmental pollution and has "toxic consequences."

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