Binance CEO and Nouriel Roubini Lock Horns Over Twitter

Binance CEO and Nouriel Roubini Lock Horns Over Twitter

While US President Donald Trump might have agreed to re-start trade talks with Chinese counterpart Xi Jinping at the G20 summit, tensions between US economist Nouriel Roubini and Chinese CEO of Binance, Changpeng Zhao (CZ), have just started to heat up over Twitter.

On Monday, July 1, Roubini, nicknamed crypto’s “Dr. Doom,” called CZ a jerk for doubting the scope and relevance of his frequent appearances at crypto-related conferences and events. The Bitcoin skeptic didn’t hesitate to brag about his influence in the crypto industry.

 

How it All Started?

Both Roubini and CZ attend the 2019 Asia Blockchain Summit in Taipei, Taiwan. The event hosts prominent crypto leaders as speakers, including BitMEX co-founder and CEO Arthur Hayes, TRON founder and CEO Justin Sun, and Litecoin creator Charlie Lee, among others.

On Monday, Twitter user Crypto Godfather, CEO of blockchain-oriented magazine Block Journal, shared a tweet, commenting on Roubini’s presentation at the summit.

CZ replied to the tweet, questioning Roubini’s zeal to attend crypto conferences while being a well-known critic of the industry. The Binance CEO doesn’t understand what does the US economist has to do with the crypto space.

Roubini, who teaches at New York University’s Stern School of Business and runs a consultancy firm ,Roubini Macro Associates, spotted CZ’s comment and retorted with the sharp reaction. The economist called CZ a “jerk” and a “snake oil peddler.”

The dispute didn’t end here, as CZ reacted by making fun of Roubini with another tweet, asking who the jerk was in fact – a guy who acts based on his beliefs or a guy who bashes Bitcoin at crypto conferences.

Needless to say, almost everyone supports CZ in this online dispute, with many criticizing Roubini even under his own tweet.

CZ is Not the Only Opponent

Roubini seems to feel comfortable fighting alone against an entire industry that is expanding at a fast pace. He is going to debate with BitMEX chief Arthur Hayes on Wednesday, as he claims that the trading volume on BitMEX is fake.

The battle has already started on Twitter, with Roubini claiming that BitMEX was trading against its own clients.

Nevertheless, Hayes is ready for the fight.