'Black Swan' Author Says Crypto Is A 'Tumor,' Bitcoin Is Fated To Either Kill The Host Or Self-Destroy
Portfolio Pulse from Adam Eckert
'Black Swan' author Nassim Nicholas Taleb criticized cryptocurrencies, calling them a 'tumor' and stating that Bitcoin's price is being propped up by a cult. He argued that Bitcoin is not an inflation hedge, not a method of payment, and not good for money laundering.
June 22, 2023 | 3:28 pm
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Nassim Taleb's negative view on cryptocurrencies and Bitcoin may impact investor sentiment and potentially affect Bitcoin's price.
Nassim Taleb's negative view on cryptocurrencies and Bitcoin may lead to increased skepticism among investors, potentially causing a decline in Bitcoin's price. His arguments against Bitcoin being an inflation hedge, method of payment, or good for money laundering could influence investor sentiment.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100