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 will not be “a hedge towards something.” Taleb will not be satisfied by the inflow of institutional buyers or the rising narrative that



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 will not be “a hedge towards something.”

Taleb will not be satisfied by the inflow of institutional buyers or the rising narrative that Bitcoin is a potential hedge towards inflation. The Black Swan writer and danger 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 isn’t a “cheap 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 latest look on CNBC. Taleb likened Bitcoin’s rally to an open Ponzi scheme and argued that there was there’s “completely no motive it must be linked to something financial.” Based on him:

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

However whereas Bitcoin critics like Taleb are attempting 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 fee choice.

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