Additionally, it can be seen that over the course of 2018, the general perception of the crypto sector was greatly tarnished thanks to a number of scams and illegal actions that caused investors to lose a whole lot of money (estimated to be worth millions of dollars). As a result, high-profile personalities such as Nouriel Roubini, a Nobel Prize-winning economist, went on record to claim that BTC was the mother of all financial bubbles, thereby causing market panic to spread globally at quite a rapid pace.