ETF Store President Nate Geraci posted on X that Atlas Capital, with the participation of 'Dr. Doom' Nouriel Roubini, is planning to launch a digital token backed by U.S.-listed ETFs. Geraci quoted Roubini's view: 'Bitcoin and other cryptocurrencies are not real money. We need better collateral, better reserve assets, and more reliable stores of value.'
Geraci pointed out that given Roubini's long-standing criticism of cryptocurrencies, his involvement in launching a digital-asset-related product carries significant symbolic weight and marks a noteworthy industry trend. The news has sparked discussions about further integration between traditional finance and digital assets.
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