Shaurya Malwa · 23 hours ago · 2 min read
Hayes vs. Nouriel
The Asia Blockchain Summit is considered the biggest blockchain event in Asia, and this year it will take place in Taipei, Taiwan, from July 2nd to 3rd. The event awaits to bring more than 5,000 blockchain industry elites and over 300 top global companies.
In a recent tweet that was later deleted, the Asia Blockchain Summit announced that during the event it will host a debate, named the “Cryptocurrency Duel,” between Arthur Hayes, the CEO of BitMEX, and Nouriel Roubini, an economist who is considered one of the biggest crypto critics.
In a response tweet that was since deleted, Hayes expressed that he is ready to “wipe the floor” with the American economist.
Although Nouriel Roubini did not respond to Hayes’ claims, he is well known for discrediting cryptocurrencies, previously calling them the “mother or father of all scams and bubbles.”
During the debate hosted by the Block Show, Nouriel Roubini said:
“The data suggests that 81 percent [of all cryptocurrencies] are a scam, another 11 percent have essentially failed, and the remaining 8 percent have lost 90 percent of their value. I believe that 99.99 percent of all cryptocurrencies are going to fail, and may be a few years from now there will only be Bitcoin.”
It is unknown why the Asia Blockchain Summit deleted the tweet about the debate, but if confirmed it will certainly be worth watching.
CryptoSlate reached out to the organizers of the Asia Blockchain Summit, Arthur Hayes, and Nouriel Roubini to confirm the validity of the debate and has yet to receive an answer.