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Nassim Taleb takes advantage of the fall to criticize Bitcoin: “It’s not for protection, it’s not a currency, it’s nothing”

Nassim Taleb takes advantage of the fall to criticize Bitcoin: “It’s not for protection, it’s not a currency, it’s nothing”



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14 Comments

  1. Hes right on his critique of bitcoin but nassim taleb is a pseudo-intellectual who has been wrong on just about all his calls.

    His entire strategy is to just buy end of world insurance and wait for a payout when the world ends.

  2. tldr; Lebanese-American Nassim Taleb, the guru of financial markets, criticized Bitcoin again on Saturday morning (04:00 GMT) in a post on Twitter. “So, it looks like Bitcoin is no hedge for adversity, inflation and deflation,” he wrote. “Bitcoin is not currency; Bitcoin is nothing,” he added.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Taleb made FU money years ago and never needs to work again. He wrote “Dynamic Hedging” which is arguably the best option strategy book ever written. I am not saying he is 100% correct about Bitcoin but his views on financial risks and hedging those risks should not be dismissed lightly.

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