# Professors Nouriel Roubini and David Yermack are quoted in a story about the advent of bitcoin

1 Faculty News September 13, 2018 ![MarketWatch logo](/sites/default/files/styles/246w/public/assets/images/marketwatch%20logo.jpg?itok=pHUVfozf)>

Excerpt from [MarketWatch](https://www.marketwatch.com/story/bitcoin-wasnt-a-response-to-the-financial-crisis-says-nyu-professor-2018-09-13) -- "'Bitcoin happened to be launched in 2009, but it was the culmination of decades of attempts to create a digital currency on a peer-to-peer basis,' said David Yermack, a professor of finance and business transformation at New York University. ... 'They stumbled upon something — an experiment, you could say,' said Roubini, a professor of economics often identified as 'Dr. Doom.' 'They pretend to be libertarian, but they are a new generation of self-serving gold bugs. They only care about their money, not the protocol or the technology.'"

[Read more](https://www.marketwatch.com/story/bitcoin-wasnt-a-response-to-the-financial-crisis-says-nyu-professor-2018-09-13)