The US Securities and Exchange Commission (SEC) should examine the actions of Tesla CEO Elon Musk regarding the purchase of bitcoin for market manipulation. This statement was made by professor of economics and cryptocurrency critic Nouriel Roubini in an interview with CoinDesk.
On February 8, it became known about Tesla’s report to the SEC, in which the company announced the purchase of the first cryptocurrency for $ 1.5 billion. Before that, Musk posted the bitcoin hashtag in his Twitter profile description. At that time, the head of Tesla had 44.1 million subscribers. After his actions, the price of the first cryptocurrency jumped sharply.
Roubini also criticized MicroStrategy CEO Michael Saylor for converting a significant portion of the reserves into volatile cryptocurrency. The analytical software provider, taking into account the additional purchase on February 2, already owns 71,079 BTC, acquired for $ 1.145 billion.
During the conversation, the professor of economics again predicted the “collapse” of bitcoin. He linked it to a possible Tether and Bitfinex conviction this year. The proceedings are still ongoing.
Roubini said that the world will gradually give up cash, and the United States will create an “electronic dollar”. In his opinion, national digital currencies will increase the efficiency of monetary policy, including through the introduction of negative interest rates during crises.
In December, Roubini predicted Bitcoin’s death as a result of the actions of the new White House administration.
Earlier, US Treasury Secretary Janet Yellen promised to closely monitor the cryptocurrency market. She intends to reduce the use of digital currencies for criminal purposes.
SEC Commissioner Hester Pierce questioned if there was a way to ban Bitcoin entirely.
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