Nate Geraci, President of ETF Store, posted on X that Atlas Capital, which involves prominent economist and 'Doomsday Professor' Nouriel Roubini, is planning to launch a digital token backed by US-listed ETFs. Geraci quoted related statements saying, 'Bitcoin and other cryptocurrencies are not real money. We need better collateral, higher quality reserve assets, and more reliable stores of value.'
Roubini earned the nickname 'Doomsday Professor' for accurately predicting the 2008 financial crisis, and has been a vocal critic of cryptocurrencies for years, repeatedly questioning the intrinsic value of assets like Bitcoin. Geraci believes that given Roubini's long-standing critical stance, his involvement in launching a digital asset-related product carries significant symbolic meaning and represents a noteworthy industry development.