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Bitcoin-Bashing NYU Professor Unleashes Scathing Anti-Crypto Twitter Tantrum

Disclaimer: The views expressed by the author do not necessarily reflect those of CCN. They belong to the author alone.

Is New York University professor Nouriel Roubini the biggest bitcoin grinch of all time? It sure seems that way, based on an epic Twitter rant he launched just days before Christmas.

In a furious tweetstorm that started at 6:34 am, Roubini trashed crypto as “THE most manipulated financial market in ALL human history…It makes the Wolf of Wall Street look like a naive amateur.”

He noted that the global stock market recently tumbled, but insisted that the downturn paled in comparison to the bloodbath in the crypto market.

4800 Pump & Dump schemes! Crypto is THE most manipulated financial market in ALL human history & manipulation of “assets” that are all shitcoins & worth ZERO. It makes the Wolf of Wall Street look like a naive amateur. And in spite of this sleaze shitcoins lost 95% this year! https://t.co/iqfuWiOHfz

— Nouriel Roubini (@Nouriel) December 21, 2018

In another tweet, the economist derisively mocked employees at Ethereum giant ConsenSys, who recently lost their jobs due to the prolonged slump.

Roubini: ‘I Have NO Sympathy’ For Fired Workers

“ConsenSys firing only 60% of employees? It will soon be 99%,” Roubini scoffed.

Have NO sympathy for those fools who left real jobs in tech for fake quick riches!

NYU professor anti bitcoin Nouriel Roubini
Economist Nouriel Roubini, an avowed crypto critic, gleefully declared that the crypto bubble has burst. (YouTube)

Roubini linked to a Verge article revealing that ConsenSys — the blockchain startup with 1,200 employees —  could lay off 50% to 60% of its staff to cut costs.

As CCN reported, the restructuring is part of a move to streamline ConsenSys’ unprofitable business model and shed underperforming projects, which got decimated due to the crypto bear market.

“We must retain, and in some cases regain, the lean and gritty startup mindset that made us who we are,” ConsenSys CEO Joseph Lubin wrote in a company letter preceding the layoffs.

ConsenSys Lays Off 50% to 60% Of Workforce

Since February 2018, ConsenSys doubled its workforce while expanding into 29 countries.

Lubin — the co-founder of Ethereum, whose crypto net worth tops $1 billion — personally financed the expansion, but now admits that ConsenSys became unwieldy after its rapid growth.

Roubini gleefully pointed to ConsenSys’ troubles, reiterating that he has “no sympathy for those fools who left real jobs 4 fake quick riches of sh*tcoins.”

ConsenSys firing only 60% of employees? It will soon be 99%. Have NO sympathy for those fools who left real jobs in tech for fake quick riches!

ConsenSys plans to spin out most of its startups, and it’s going to mean layoffs. Up to 60% of jobs https://t.co/ROo9lcaiIe via @Verge

— Nouriel Roubini (@Nouriel) December 21, 2018

Roubini quipped:

If they have any brain left after crypto brainwashing, they will find real jobs where returns are slow and based on real jobs/firms.

ConsenSys firing only 60% of its employees? It will soon be 99%. Have no sympathy for those fools who left real jobs 4 fake quick riches of shitcoins. If they have any brain left after crypto brainwashing they will find real jobs where returns are slow & based on real jobs/firms

— Nouriel Roubini (@Nouriel) December 21, 2018

Roubini also delighted in the surprising revelation that Blythe Masters — a JPMorgan alum — will step down as CEO of Digital Asset Holdings.

The news sent shock waves across the industry, since Masters was the first and most high-profile Wall Street banker to join the blockchain industry back in 2015.

“What a joke!” Roubini huffed.

Blythe Masters leaving Digital Asset/ASX for “personal reasons”; What a joke! And what is left of ASX is blockchain only in name. There is NOTHING blockchain about it. Like all the other flopping “enteprise DLT” projects peddled by IBM, JPM/GS. All private permissioned databases

— Nouriel Roubini (@Nouriel) December 21, 2018

Nouriel Roubini isn’t the only vocal critic of crypto, but his relentless agitation and animated negativity toward the burgeoning ecosystem puts him in a class of his own.

‘Nouriel Is the Biggest Troll’

Roubini’s crypto-trolling is so over-the-top that he was parodied by a bitcoiner invoking the hit animated series South Park.

In the parody, Roubini was hilariously mocked in a song that chanted, “Nouriel’s a troll! He’s the biggest troll in the whole wide world!”

Dedicated to Crypto’s #1 Troll 😘 pic.twitter.com/Y64t5VRjr7

— Brekkie von Bitcoin ✌🏻❤️🚀 [GIVING AWAY LÖLZ] (@CryptoBrekkie) October 19, 2018

Featured image from Shutterstock.

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