Roubini on BitMex: "95 percent of all bitcoin transactions are fake"

27 Jun, 2019
News
Roubini on BitMex: 95 percent of all bitcoin transactions are fake

Anti-crypto personality Nouriel Roubini has lashed out at BitMex exchange following the recent announcement that the exchange had achieved US$1 Billion open interest on the Bitcoin perpetual swap contract, for the first time.


Roubini, who always has a lot of negative things to say about the cryptocurrency industry, took to Twitter to express his discontent about the recent record set by BitMex. 

BitMex announced that the exchange had achieved US$1 Billion open interest on the Bitcoin perpetual swap contract, for the first time. Roubini commented saying "How can one believe ANY of these figures when 95 percent of all bitcoin transactions on a typical exchange are fake? Fake-coins, shit-coins, fake-transactions, fake-pricing. The only true thing in crypto space is manipulation, pump n dump, front-running, wash trading, etc..."

BitMex CEO Arthur Hayes replied to Roubini stating that "Maybe you should speak with my private bankers they will inform you BitMEX don’t fake shit. Can’t wait to see you in Taipei XOXO."

The two will be meeting in Taipei on July 3 at the Asia Blockchain Summit 2019, where they will have an open debate.

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Read more about: Bitmex

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