Bitcoin (BTC) is not “a hedge against anything,” concluded “Black Swan” author and risk analyst Nassim Nicholas Taleb after inviting his 727,000 Twitter followers to debate on whether there is any correlation between BTC and inflation.“CONCLUSION: not a single reasonable argument that #BTC is a hedge against inflation, or, as a matter of fact, a hedge ag. Anything,” Taleb … [Read more...] about ‘Bitcoin is not a hedge against anything,’ concludes ‘Black Swan’ author Nassim Taleb
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Bitcoin is an ‘open Ponzi scheme,’ says ‘Black Swan’ author
Well-known risk analyst and “Black Swan” author Nassim Nicholas Taleb seemingly changed his previously positive attitude toward Bitcoin, calling it a “gimmick” and an “open Ponzi scheme” during an interview with CNBC’s Squawk Box yesterday.“[Bitcoin] has characteristics of an open Ponzi, everybody knows it’s a Ponzi,” Taleb said. “Basically, there’s no connection between … [Read more...] about Bitcoin is an ‘open Ponzi scheme,’ says ‘Black Swan’ author