Both the Financial Industry Regulatory Authority and Dr. Nouriel Roubini, famed economist (also known as Dr. Doom) and a professor at New York Universitys Stern School of Business, recently expressed unflattering opinions relative to the crypto-currency bitcoin. FINRA, in a recent investor alert, advised investors that:
- Digital currency such as bitcoin is not legal tender. If no one accepts bitcoins, bitcoins will become worthless.