Roubini also challenged the idea that private Blockchain has a future and compared distributed ledger technologies to Google Docs.
With the final word, Novogratz topped the debate with a challenge to Roubini.
“Bitcoin is at $6,000 right now. If at Christmas time, the price is above $6,000 you have a wear a shirt that says “I love Bitcoin.” If the price is below that level, I’ll wear a shirt that says “Nouriel was right,” he said holding out his hand.
Roubini looked off stage, saying, “I don’t care about the price of Bitcoin. That doesn’t matter. It’s not a unit of account. It’s not a unit of value. It a means of payment. Nobody’s using it.”
“If nobody’s using it, [the price] would go down,” Novogratz challenged as the conversation concluded.