Crypto Apocalypse Coming, Expert Who Predicted 2008 Financial Crisis Warns
Analysis
Price Impact
HighRenowned economist nouriel roubini, known for predicting the 2008 financial crisis, is warning of an impending 'full-blown crypto apocalypse.' his dire forecast is based on the perceived failure of pro-crypto administrations, lack of practical use cases beyond illicit activities, and bitcoin's underperformance as a safe haven asset compared to gold during geopolitical instability.
Trustworthiness
HighRoubini is a respected economist with a notable history of accurate macro-economic predictions, which gives significant weight to his warnings, despite his long-standing bearish stance on cryptocurrencies.
Price Direction
BearishThe article highlights current market conditions (as of feb 2026) where bitcoin is down 35% from its october peak and has reached its lowest level since november 2024. roubini's 'apocalypse' warning, combined with btc's failure to act as a hedge, strongly suggests continued downward pressure and a negative outlook for the broader crypto market.
Time Effect
LongRoubini's statements about 'the end of the experiment' and a 'full-blown apocalypse' imply a fundamental and lasting shift or collapse rather than a short-term market fluctuation, indicating a prolonged period of bearish sentiment or structural change.
Original Article:
Article Content:
Cover image via www.youtube.com Read U.TODAY on Google News The failing pro-crypto administration The implosion of "digital gold" The end of the experiment Advertisement Nouriel Roubini has warned about an impending cryptocurrency market "apocalypse." According to Roubinin, even the most pro-crypto administration in history has failed to save a sector he claims offers no use cases beyond crime and corruption. Roubini is convinced that the industry is on the verge of a "full-blown" apocalypse. The Coming Crypto Apocalypse by Nouriel Roubini @ProSyn https://t.co/beoEXm4Bd0?from=article-links — Nouriel Roubini (@Nouriel) February 3, 2026 The failing pro-crypto administration A year ago, the narrative was that the new pro-crypto administration was supposed to mark the dawn of a new golden age for cryptocurrency. Advertisement The promise of deregulation prompted cryptocurrency evangelists to predict that the leading cryptocurrency could potentially surge to $200,000. HOT Stories Crypto Market Review: Shiba Inu's (SHIB) 1,000,000,000,000 Bull Market Trigger, Bitcoin (BTC) Crash Might Stop Here, Is Dogecoin (DOGE) in Mini-Bull Market? Galaxy's Novogratz Denies Bitcoin Collapsed Due to Quantum Threat You Might Also Like Fri, 11/29/2024 - 19:49 Roubini Not Sold on Crypto Despite Record-Breaking Rally By Alex Dovbnya The reality, however, has been a disaster. The market has cratered despite some efforts from the administration to propel it Advertisement As of February 2026, Bitcoin is down 35% from its October peak. On Tuesday, it reached the lowest level since November 2024. The implosion of "digital gold" Geopolitical instability, trade disputes, and ballooning deficits pushed gold prices up by over 60%. In sharp contrast, Bitcoin fell by 6% over the same period. "Every time gold has spiked in response to trade or geopolitical ructions over the past year, Bitcoin has fallen sharply," Roubini writes. "Far from being a hedge, it is a way to leverage risk." Roubini argues that calling crypto a currency has always been "bogus." He is convinced that it fails as a unit of account, a means of payment, and a store of value. The end of the experiment Roubini concludes that the only "killer app" crypto has produced in 17 years is the stablecoin. He warns that true decentralized finance (DeFi) will never scale because no serious government will allow the anonymity required for it to function, as it would be a boon for criminals. The future of money, he argues, will be a "gradual evolution" led by improved traditional ledgers. #Bitcoin News