Nassim Nicholas Taleb – the author of “Back Swan” and one of the world’s biggest crypto skeptics – commented on social media that the volume chart for BTC, the world’s number one digital currency, has been in a downward spiral since late 2020. Nicholas Taleb on How BTC is Easy to Manipulate In other words, while the price has shown signs of recovery, the volume of BTC hasn’t, which could make the currency easier to manipulate and lead to other problems. Taleb...
Read More »Nassim Nicholas Taleb: Bitcoin Is Way Too “Fragile”
Nassim Nicholas Taleb – the author of “Black Swan” – does not think much of bitcoin. Taleb Is No Longer a BTC Fan In the past, Taleb has been a huge advocate of the digital currency. He has commented that individuals “cannot ignore the bitcoin story,” claiming it had come quite far in the time it had been available to traders. He touted it as a powerful asset, and it was time to take the currency seriously. However, now it looks like Taleb is reversing his stance. In a...
Read More »Nassim Nicholas Taleb: You Can’t Ignore the “Bitcoin Story”
At press time, bitcoin isn’t doing so hot. The number one cryptocurrency by market cap is down for the count and trading in the $6,000 range.Bitcoin Still Has LoyalistsAnd yet, much like gold and other precious metals, the digital asset can’t seem to shake its followers, some of whom hold rather prominent positions in the world of finance. One such follower is 59-year-old Nassim Nicholas Taleb, the author of bestselling books like “The Black Swan” and “Fooled by Randomness.”Taleb says he’s...
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