ClaimsNouriel Roubini

“Crypto-Apocalypse: Ethereum down 90% from the peak, in free fall and now close to the 2018 low.”

Nouriel Roubini, economist, posting on X 27 November 2019 Post by @Nouriel on X, 2019-11-27 (X)

Factual Economics and markets

As of 27 November 2019, Ethereum is down 90% from its peak and close to its 2018 low.

Mixed Partly true and partly false in roughly equal measure.

Factual: Statements about the present or the past, checked against the record: did they hold up?

The second judge would not resolve this claim; the verdict shown is the first judge's.

What would count as true or false

Judge against ETH/USD prices on 27 Nov 2019. Peak = the all-time high of roughly January 2018. The 2018 low = the lowest ETH price in 2018, around December 2018. True: ETH's 27 Nov 2019 price was about 90% below the peak (a drawdown of roughly 87–93%) and close to the 2018 low (within about 25–30% above it). Mostly true: the drawdown was about 85–87%, or the price was somewhat further from the 2018 low, but both parts still broadly hold. Mixed: only one of the two parts holds (for example, a drawdown of about 90% but the price far above the 2018 low). Mostly false: the drawdown was well under 85% (for example 75–85%) and the price was not close to the 2018 low. False: the drawdown was under about 75%, or the price was nowhere near the 2018 low. The rhetorical 'free fall' wording is not tested beyond a recent sharp decline.

Set before the research began.

Evidence (3)

  1. E1 Shorting Ethereum before Q4 2019 would’ve been a good idea The Next Web (TNW) · 22 January 2020

    “Ethereum plummeted to $142 on November 24, recovering somewhat and hitting $150 on November 30.”
  2. E2 Ethereum (ETH) Market History: Price, ATH & Liquidations cryptocurrencyhistory.com · 3 November 2026

    “In 2018, it opened at 733.01 and closed at 131.45, with a yearly high of 1440.0 and a yearly low of 81.79.”
  3. E3 Ethereum (ETH) Market History: Price, ATH & Liquidations cryptocurrencyhistory.com · 3 November 2026

    “Ethereum's deepest drawdown was -94.0%, from 2018-01-13 to its trough on 2018-12-15.”

Reasoning

E1 says ETH fell to $142 on 24 November 2019 and recovered to $150 by 30 November, so the price on 27 November was probably around $142–150. E2 gives ETH's 2018 high as $1,440 and its 2018 low as $81.79, and E3 dates these to January and December 2018. A price of about $142–150 is roughly 90% below the $1,440 peak, so the drawdown part of the claim holds. But that price is about 74–83% above the 2018 low, far beyond the "close to the low" range in the criteria (within about 25–30% above it), so only one of the two parts holds.

Cite this claim

Nouriel Roubini, “As of 27 November 2019, Ethereum is down 90% from its peak and close to its 2018 low.” (said 27 November 2019). Verdict: mixed. Reliability API, claim c_e50dc53ed4e2, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_e50dc53ed4e2

This claim is in dataset release v1.1.2, with the same verdict.

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All of them

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