Nouriel "Dr. Doom" Roubini admits Bitcoin is a "partial" store of value

One of the most staunch critics of Bitcoin over the past few years has been Nouriel "Dr. Doom" Roubini.

He still thinks Bitcoin is not a viable currency, and never will be, but admitted that it may have some store of value properties.

Whether it was a Freudian slip or not, Roubini admitted in a Nov. 6 interview that he thinks Bitcoin is a "Partial store of value."

This comes after he has been crusading against Bitcoin for years, denying its ability to store value and to act as a means of payment.

"Bitcoin down 14% in last day to below 9.5K! Ouch! It must hurt to get so rekt so fast! Calling bitcoin a currency - let alone 1000s of other shitcoins - is a joke: they are not a unit of account, they are not a means of payments and no stable store of value."

The reason why he's changing his tune is unclear, but he did note that he sees some value in the "Algorithm" that keeps the Bitcoin supply on track to hit 21 million coins.

JuliaLaRoche got him to disclose today that he now thinks Bitcoin is a store of value.

Roubini added that compared to "Shitcoins," BItcoin's ability to store value is superior.

How many decades must the Bitcoin network persist before the staunchest of Bitcoin haters like Krugman or Roubini swallow their pride and admit that it was all a big misunderstanding?

Saylor is arguably now one of the biggest Bitcoin bulls ever, championing the cryptocurrency in media interviews, actively tweeting about Bitcoin on Twitter, and personally purchasing $170 million worth of the coin.