Famous economist Nouriel Roubini, also known as “Dr. Doom” for his pessimistic predictions, has now launched his own crypto project called “Atlas”. The project is being advertised as a climate-related token that promotes accessible and scalable returns in regions where they are most needed. According to the official website of the project, Atlas is pegged to a carefully chosen portfolio of liquid real-world assets—climate-resilient REITs, strategic commodities, inflation-hedged sovereign bonds, and gold.
Nouriel Roubini’s Brutal Attacks on Crypto
In the past, Roubini has not been shy about attacking the crypto industry. He once stated that the entire crypto ecosystem is a fraud, and during the FTX collapse, he described 99% of crypto as a scam, criminal, bubble, and a massive Ponzi scheme. Additionally, he was not sold on blockchain tech separate from crypto and said that it is the most hyped technology ever.
CZ Calls Roubini “Shameless”
Binance CEO Changpenz Zhao called out Roubini for putting the Binance logo on his crypto project’s website without the exchange’s permission. CZ openly criticized Roubini for this and posted about it on social media. Bitmex co-founder Arthur Hayes, who has also been attacked by Roubini, took a dig at the economist’s crypto project, sarcastically commenting on the use of buzzwords in its promotion.
Nouriel Roubini’s launch of the crypto project “Atlas” comes as a surprise to many, considering his previous harsh criticism of the crypto industry. It will be interesting to see how the project develops and whether it will gain traction within the crypto community.