Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.

Start Earning Interest

Pomp Lays Down $10,000 Gauntlet to Nouriel Roubini in Twitter Debate

Pomp Lays Down $10,000 Gauntlet to Nouriel Roubini in Twitter Debate

Photo by Hannah Gibbs on Unsplash

Nearly a week since his furious condemnation of all things blockchain at the U.S. Senate, it seems that Nouriel Roubini, American economist and veteran blockchain naysayer known as ‘Dr. Doom’, is yet to exhaust his arsenal in a fiery one-man stand against the cryptocurrency community.

The latest combatant of Nouriel – who has taken aim at a handful of the young industry’s more esteemed figures and projects, including Bitcoin maximalist Anthony Pompliano, challenged the tenured professor to put his money where his mouth is after a weekend-long skirmish on Twitter.

Pomp and Circumstance

Pompliano – founder and partner at Morgan Creek Digital, received initial resistance from Roubini when publishing his obligatory “this week in crypto” update on Twitter.

While underscored with various developments industry-wide, the update’s fourth point, “crypto unites against @Nouriel attacks”, would likely flap as a matador’s cape to Roubini — who has clashed with a remarkable number of crypto heavyweights since his Oct. 11th testimony at the U.S. Senate — characterized by his assertion of cryptocurrency as a “stinking cesspool” and “the mother or father of all scams”.

The Pen: Mightier than the Sword?

Wielding an unnamed research paper from Princeton University, the Stern School professor disclaimed Bitcoin’s decentralization; a revelation perhaps enough to fatigue the party of Pompliano’s typically bullish take on the blockchain industry’s latest developments.

Pompliano — who in June bowed out from Twitter on account of the platform’s antagonistic culture and “ad hominem attacks” — appeared to have an appetite yet for bona fide debate. In response, he queried Roubini on his holdings of Bitcoin:

While the usual bipartisan vitriol brewed in the sidelines of the comment-thread, the self-declared “global nomad” economist, Roubini, claimed he had never taken any investment positions in Bitcoin, blockchain, or any other cryptocurrency for that matter — in the process throwing in a couple of quick jabs at Pomp’s appetite for ‘book talk’.

If You Listened to Nouriel Roubini in 2013, You Lost Out 108x Return on Bitcoin
Related: If You Listened to Nouriel Roubini in 2013, You Lost Out 108x Return on Bitcoin

Pomp, however, didn’t appear to buy a suggestion of impartiality. Leaning on his apparent ‘kill with kindness’ approach to a Twitter altercation, the American entrepreneur and crypto-celebrity dodged the attack, claiming Roubini was, in fact, investing against Bitcoin with the U.S. dollar.

Where Roubini may have been holding back, this particular suggestion seemed to curdle the economist’s blood. Proceeding to colorfully revile both Pompliano and HODLers industry-wide, Roubini came out guns blazing in an assault on the investment potential, credibility, and longevity of the emerging asset class.

Pomp to Roubini: Get “Some Skin in the Game”

Having for years burned a trail of apocalyptic predictions for Bitcoin and the net cryptocurrency market, Roubini appears to have taken the year’s downturn to salvage some truth from his original claims.

To Pomp, it would seem some bluffs need to be called, however. Pitting investor against economist, Pomp doubled down with a $10,000 bet that Bitcoin will outperform Roubini’s winning pick.

Offering no direct response, Roubini stated in a peripheral tweet that he would not partake in such a gauntlet, for want of retaining his “intellectual independence” and avoiding “conflict of interest” — and, finally, describing the offer as a “shitcoin bet”.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis
Price snapshots
More context
Join now for $19/month Explore all benefits
Posted In: , People

Like what you see? Subscribe for updates.