Svmuu News: Nate Geraci, President of ETF Store, posted on X that Atlas Capital—in which “Dr. Doom” Nouriel Roubini has a stake—is planning to launch a digital token backed by U.S.-listed ETFs.
Citing relevant remarks, Nate Geraci noted, “Bitcoin, and other cryptocurrencies are not real money; we need better collateral, higher-quality reserve assets, and more reliable stores of value.”
Geraci believes that, given Roubini’s longstanding criticism of cryptocurrencies, his involvement in launching a product related to digital assets holds significant symbolic importance and represents an industry trend worth watching.