'Black Swan' Author Taleb Says Bitcoin Volume Plunge Makes It Easier For Manipulators To Step In: 'This Is How Open Ponzis Implode'
Portfolio Pulse from Shanthi Rexaline
Nassim Nicholas Taleb, author of 'Black Swan', has warned that the declining volume of Bitcoin makes it easier for manipulators to act, potentially leading to a collapse. Bitcoin's trading volume has dropped over 85% from its peak, according to Taleb. Meanwhile, Coinbase Global, Inc. (NASDAQ:COIN) accounted for 61% of the Bitcoin trading volumes among exchanges registered in the U.S. and 5.83% of the global Bitcoin trading volume.
August 12, 2023 | 3:59 pm
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NEUTRAL IMPACT
Coinbase Global, Inc. accounted for 61% of the Bitcoin trading volumes among exchanges registered in the U.S. and 5.83% of the global Bitcoin trading volume.
Coinbase Global, Inc. is a major player in the Bitcoin trading market, accounting for a significant portion of the trading volume. However, the overall declining volume of Bitcoin could potentially impact the company's trading revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bitcoin's trading volume has dropped significantly, making it easier for manipulators to act, which could potentially lead to a collapse.
The declining trading volume of Bitcoin makes it easier for manipulators to act, which could potentially lead to a collapse. This is a significant risk for Bitcoin investors.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100