'Black Swan' Author Says Crypto Fad Fading Away, Giving Way To This New Succeeding Technology
Portfolio Pulse from Shanthi Rexaline
Nassim Nicholas Taleb, author of 'The Black Swan', suggests that the popularity of cryptocurrencies is waning among young adults, who are now more interested in artificial intelligence (AI). Taleb has been a vocal critic of cryptocurrencies, particularly Bitcoin. He believes that the recent frauds, bankruptcies, and regulatory crackdowns have led to a crisis of confidence in cryptocurrencies. Meanwhile, the interest in AI has been growing, with companies like Microsoft partnering with OpenAI and integrating its technology into their businesses.
July 22, 2023 | 5:59 pm
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NEGATIVE IMPACT
The negative comments from Nassim Nicholas Taleb, a well-known critic of Bitcoin, could potentially impact the short-term price of Bitcoin.
Taleb's comments about the fading popularity of cryptocurrencies, particularly Bitcoin, could potentially lead to a decrease in investor confidence, which could negatively impact the short-term price of Bitcoin.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft's partnership with OpenAI and the growing interest in AI among young adults could potentially have a positive impact on Microsoft's stock in the short term.
The growing interest in AI and Microsoft's partnership with OpenAI could potentially lead to increased investor confidence in Microsoft, which could positively impact the short-term price of Microsoft's stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 70