Black Swan writer bashes Bitcoin, says it’s not a hedge towards something By BTC Friends


Black Swan writer bashes Bitcoin, says it’s not a hedge towards something

Nassim Taleb, the writer of “Black Swan,” has taken to Twitter to lash out on . Based on him, Bitcoin is just not “a hedge towards something.”

Taleb is just not satisfied by the inflow of institutional traders or the rising narrative that Bitcoin is a potential hedge towards inflation. The Black Swan writer and threat analyst invited his over 700k Twitter followers to a debate on whether or not there’s a hyperlink between Bitcoin and inflation. He doubled down on his criticism of Bitcoin, concluding that there is no such thing as a “affordable argument” in favor of Bitcoin as an inflationary hedge.

This isn’t the primary time that Taleb is criticizing Bitcoin. He bashed the main cryptocurrency throughout a current look on CNBC. Taleb likened Bitcoin’s rally to an open Ponzi scheme and argued that there was there’s “completely no motive it needs to be linked to something financial.” Based on him:

“[Bitcoin] has traits of an open Ponzi, everyone is aware of it’s a Ponzi. Principally, there’s no connection between inflation and Bitcoin. None. I imply, you possibly can have hyperinflation and Bitcoin going to zero. There’s no hyperlink between them.”

However whereas Bitcoin critics like Taleb try to make a case towards the digital asset, extra conventional corporations are starting so as to add it to their stability sheets and even settle for it as a cost choice.

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