Musk’s actions were seen as an attempt to manipulate the market

Nouriel Roubini, an American economist and professor of economics at New York University, called Elon Muck’s recent actions “market manipulation.” One of the most respected experts in the world on global finance, for his pessimistic views earned the nickname Dr. Doom believes that the behavior of the head of Tesla should be investigated by the US Securities and Exchange Commission (SEC). These are Musk’s tweets related to Tesla’s Bitcoin investment.

“Buy a position in Bitcoin, raise the price, and then tell me that Tesla invested,” Roubini said. “This is irresponsible and market manipulation. The Securities and Exchange Commission should investigate the actions of people who influence the market and manipulate asset prices. This is criminal behavior. “

Recall that Musk installed the hashtag #Bitcoin on his page and commented on this action, drawing attention to the cryptocurrency, and later it became known that Tesla had previously acquired it for $ 1.5 billion. This is believed to have sparked the rise of Bitcoin. The most famous cryptocurrency now costs about $ 50,000 per unit.

Roubini is an active critic of cryptocurrencies, not hesitating to call them “a bubble of speculative assets” and “shitty currencies.”

Last week, the Financial Times published an article by Roubini, in which he called the fundamental value of bitcoin negative due to its environmental impact.

Roubini’s opinion that the SEC should study the situation is shared by other experts. In particular, Doug Davison, the former head of the SEC’s enforcement department, and Vitor Constâncio, the former vice president of the European Central Bank.