Bitcoin is “a perfect game to attract customers,” according to the author of Black Swan.
Black Swan author Nassim Nicholas Taleb recently spoke again about Bitcoin. grandfather explain that the leading cryptocurrency cannot be used as a hedge against anything.
Author Nassim Nicholas Taleb
He described BTC as “a perfect win game” in times of low interest rates.
Once a crypto fanatic, Taleb “spun the wheel” last February and declared BTC a failure. On Feb. 12, the brilliant mathematician announced he had started selling his bitcoins, criticizing the leading cryptocurrency’s volatility and claiming it was unlikely to become a viable means of payment after meeting with author Saifedean Ammous of The Bitcoin Standard ‘ had argued.
The author of several popular financial books has clashed with well-known figures in the crypto world, joking that Bitcoin enthusiast Dan Held has a “unicellular” brain, among other things.
So far, Taleb has not changed his stance on Bitcoin after shocking the community with harsh comments. Last June, he published an article titled “Bitcoin, Currencies and Bubbles” in which he presented his bearish case for the largest cryptocurrency. While praising the crypto king for not being controlled by any government in the past, the former options trader insists it has failed both as a currency and as an inflation hedge. In July, he tweeted that the world’s largest crypto was “a magnet for fools.”
In December, he said BTC was a “junk” and “outdated” product with low interest rates and predicted it would collapse due to high inflation. Last month, Taleb described Bitcoin as a contagious disease.
However, the famous statistician is not discounting BTC because he believes it will be “Absurdity” if short it.
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Bitcoin is “a perfect game to attract customers,” according to the author of Black Swan.
Black Swan author Nassim Nicholas Taleb recently spoke again about Bitcoin. grandfather explain that the leading cryptocurrency cannot be used as a hedge against anything.
Author Nassim Nicholas Taleb
He described BTC as “a perfect win game” in times of low interest rates.
Once a crypto fanatic, Taleb “spun the wheel” last February and declared BTC a failure. On Feb. 12, the brilliant mathematician announced he had started selling his bitcoins, criticizing the leading cryptocurrency’s volatility and claiming it was unlikely to become a viable means of payment after meeting with author Saifedean Ammous of The Bitcoin Standard ‘ had argued.
The author of several popular financial books has clashed with well-known figures in the crypto world, joking that Bitcoin enthusiast Dan Held has a “unicellular” brain, among other things.
So far, Taleb has not changed his stance on Bitcoin after shocking the community with harsh comments. Last June, he published an article titled “Bitcoin, Currencies and Bubbles” in which he presented his bearish case for the largest cryptocurrency. While praising the crypto king for not being controlled by any government in the past, the former options trader insists it has failed both as a currency and as an inflation hedge. In July, he tweeted that the world’s largest crypto was “a magnet for fools.”
In December, he said BTC was a “junk” and “outdated” product with low interest rates and predicted it would collapse due to high inflation. Last month, Taleb described Bitcoin as a contagious disease.
However, the famous statistician is not discounting BTC because he believes it will be “Absurdity” if short it.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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