$TRUMP
The Coming Crypto Apocalypse 💥₿
Nouriel Roubini warns that crypto’s long-promised revolution is unraveling despite strong political backing 🏛️. Under Donald Trump’s pro-crypto return, regulations were weakened, stablecoin laws pushed forward, and industry insiders gained influence 💼. Yet bitcoin sharply underperformed, failing to justify the hype surrounding it.
Instead of acting as “digital gold,” bitcoin fell while gold surged during global uncertainty 📉✨, revealing its close correlation with risky assets like speculative stocks. This behavior, Roubini argues, exposes crypto as a tool for amplifying risk rather than hedging it.
He maintains that crypto fails all core functions of money 💸—it is neither a unit of account, a reliable medium of exchange, nor a stable store of value. Even El Salvador’s adoption showed limited real-world use 🌍. Roubini concludes that stablecoins are the only practical application 🪙, while true decentralized finance will never scale due to regulation, security threats, and government control 🚫🔐.
