Economist Nouriel Roubini’s Firm Ventures into Climate-Focused Crypto Token
If you follow economist Nouriel Roubini, you know that he has been a vocal critic of cryptocurrency. However, his firm Atlas Capital is now making a surprising move into the crypto market with a new token designed to combat climate change.
Four years ago, Roubini clashed with crypto enthusiast Roger Ver, dismissing bitcoin and other cryptocurrencies as unfit for legitimate financial transactions. Now, under Roubini’s leadership, Atlas Capital is introducing the ACT token, which offers everyday investors a climate investment strategy backed by tangible assets like gold, bonds, commodities, and climate-resilient real estate investment trusts (REITs).
The ACT initiative incorporates artificial intelligence (AI), machine learning (ML), climate tech, and blockchain. Despite Roubini’s past criticism of crypto assets, his firm’s pivot has led to widespread mockery in the industry. Binance CEO Changpenz Zhao called Roubini shameless for issuing a token and using the Binance logo without permission.
Many have criticized Roubini on social media for what they perceive as hypocrisy. Despite this backlash, Roubini has not responded publicly. The team behind the ACT token includes industry figures such as Reza Bundy, Paschalis Bouchoris, Puneet Agarwal, and Mayur Kamat.
Hot Take: Critics Roast Economist Nouriel Roubini Over His Firm’s Crypto Venture
Critics are currently roasting economist Nouriel Roubini over his firm’s venture into the crypto market after years of disdain for cryptocurrency. Despite this backlash, Roubini remains silent amid widespread mockery from industry figures and social media commentators.
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