Home Topics Business The author of 'Black Swan' calls Bitcoin a Ponzi scheme

The author of ‘Black Swan’ calls Bitcoin a Ponzi scheme

© Reuters. The author of ‘Black Swan’ calls Bitcoin a Ponzi scheme

  • Nassim Taleb doubled Bitcoin as a Ponzi scheme and as a failed currency.
  • Some analysts view Bitcoin as a hedge against inflation.
  • Taleb said there is no connection between inflation and bitcoin.

Black Swan writer Nassim Taleb reiterated his stance that Bitcoin is an open Ponzi scheme and a failed currency, according to a CNBC interview last Friday.

Taleb said to Squawk Box:

“There is no connection between inflation and Bitcoin. I mean, you can have hyperinflation and Bitcoin will go to zero. There is no connection between them. “

Taleb added that he was deceived into being an alternative to fiat currency. But he suggested that a currency that has no government support is “just speculation” and a “game”. To elaborate on this, he said that Bitcoin had failed in its supposed role as a replacement for government-backed money, mainly because of its volatility

However, some analysts consider Bitcoin, which is often referred to as digital gold, to be …

This article was first published on coinquora.com

Read on on CoinQuora

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.

Fusion Media, or anyone involved with Fusion Media, assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts, and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles

Sudan’s Burhan says the army overthrew the government to avoid civil war

2/2 © Reuters. Protesters block a street during a military coup that the Ministry of Information is calling on October 25, 2021 in Khartoum,...

6 top hotels within walking distance of Disneyland to book with points

So you are planning a vacation at Disneyland Resort. Between Theme park tickets, Restaurant reservations and Flights, You have no cash - but...

Why companies need travel and fall insurance for their employees

Slipping and falling may seem like a joke to many. This is why you will...