Popular Us economist, Nouriel Rubini and commonly referred to as Dr.Doom in the cryptocurrency community for always sounding so negative about the king coin has taken another jibe at it. He believes the slip from $10,000 to $8,000 happened for no reason and no event influenced it. He added that this shows that the set up is totally rigged and controlled by the big whales.  Within 15 min market crashed and in just a few hours it went from $9,600 to $8,000 and it allowed critics like Nouriel Roubini to take shots at bitcoin. The crash also caused the altcoins to come tumbling down.
<blockquote class="twitter-tweet">
Bitcoin crashes by 15% in 7 minutes on NO news: a rigged, totally manipulated, whales-controlled market where most transactions (90%) volumes are false as exchanges pretend to have the liquidity they don't have. Massive pump &amp; dump, spoofing, front running, wash trading! Total Scam!
— Nouriel Roubini (@Nouriel) <a href="https://twitter.com/Nouriel/status/1259290961336827904?ref_src=twsrc%5Etfw">May 10, 2020</a></blockquote>
<h2>Nouriel Roubini And Schiff Riding in The Same Boat</h2>
He took to Twitter to vent out his frustration and not for the first time. There's a reason why the community calls him Dr Doom. However, he is not along and has found support from the likes of Peter Schiff, the gold fanatic who believes that it is just a matter of time before bitcoin crashes again and also stated that <a href="https://www.cryptoknowmics.com/news/coronas-impact-on-bitcoin-halving/">Bitcoin halving</a> is overrated.
<blockquote class="twitter-tweet">
Over the past several years Bitcoin hodlers poked fun at gold investors because <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> gained so much more than <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a>. Over the next several years those roles will reverse, but not because gold rises more than Bitcoin, but because gold moons as Bitcoin crashes back to earth.
— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1249084746786836480?ref_src=twsrc%5Etfw">April 11, 2020</a></blockquote>
The blind hate from the likes of Nouriel Roubini bamboozles the community as they are selective in their outrage. While market manipulation is definitely a possibility as the bitcoin market cap us still way less than the traditional giants, and the big guns can alter the price, it should be noted how it handled the whole corona crisis.

While the S&amp;P 500 and Dow Jones hitting the kind of lows that they've not seen in ages are still struggling to recover from it. Meanwhile, bitcoin on the other hand without any government support has recovered impressively from the slumps of March. As bitcoin continues to climb up from the woes of black Thursday, even trillions of dollars printing haven't bailed out the traditional assets.

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Nouriel Rubani Says Bitcoin Price Crash Confirms Market Manipulations

The US economist and big bitcoin critic Nouriel Roubini says that the crash confirms that the market is rigged and big whales dictate the price.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Nouriel Rubani Says Bitcoin Price Crash Confirms Market Manipulations

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