Sheer investment legend has it that 99% of cryptos are a scam to be avoided

Cryptocurrencies don't have a bed of roses. Bitcoin has been growing for the past two days, but it is far from its long-term highs and many people and impatient investors are turning their backs on it. There are all sorts of causes. What is surprising, however, is that an absolute investment legend is turning his back on the crypto!

Nouriel Roubini is clearly not fond of crypto at the moment

And that legend is the famous Dr. DOOM. Economist Nouriel Roubini has been increasingly scathing about the beleaguered cryptocurrency industry, particularly FTX and its now disgraced founder Sam Bankman-Fried: The craziest 24 hours in cryptocurrency history? FTX crash crushes the entire cryptocurrency market

"FTX and Fried are not the exception - they're the rule," he said Wednesday in an interview on the sidelines of the World Economic Forum in Davos, Switzerland. The New York University professor, who is known by his symbolic nickname for his dire views on global trends. "Literally 99% of…