This isn’t the first time Nouriel Roubini<\/strong> has launched a fierce attack on the crypto ecosystem. Historically skeptical, the economist<\/strong> views the majority of digital assets not as currencies or stores of value, but as baseless speculative instruments<\/strong>. His recent media appearance doesn’t predict a simple market correction<\/strong>, but rather a complete systemic collapse.<\/p>\n\n\n\n For “Dr. Doom”, the very structure of the crypto market is unsustainable. He regularly points to the opacity of certain stablecoins<\/strong>, the risks of massive regulation by the SEC and global governments, as well as what he sees as the lack of intrinsic value in Bitcoin<\/a>. Where investors see an opportunity for a secular bull run<\/a><\/strong>, Roubini sees only a bubble ready to burst, leaving retail investors high and dry.<\/p>\n\n\n\n This apocalyptic vision contrasts sharply with current fundamentals. The arrival of institutions through Spot ETFs and the integration of blockchain technology into traditional finance (RWA) seem to validate the opposite thesis. However, Roubini’s voice carries weight, and his warnings of a “catastrophic end”<\/strong> could prompt the weakest hands to panic sell<\/strong> if macroeconomic conditions were to deteriorate.<\/p>\n\n\n\n Michael Burry, the iconic figure from “The Big Short”, doesn’t mince words. According to him, Bitcoin<\/a> (BTC)<\/strong> isn’t simply in correction, but on the edge of a major financial precipice. While the price has already plummeted nearly 40% from its October highs, Burry believes that an additional drop of just 10% could be the catalyst for a true “death spiral”<\/strong>.<\/p>\n\n\n\nMichael Burry’s catastrophe scenario: Why the worst may be yet to come?<\/h2>\n\n\n\n