The prominent statistician has trashed Bitcoin once again, gloating over the underperformance of the number one cryptocurrency
‘Black Swan’ author Nassim Nicholas Taleb is to hit out at Bitcoin again on Twitter, saying the number one cryptocurrency cannot serve as protection against anything.
He described it as “a perfect sucker game” during low-interest rate periods.
Taleb, who once admired the original cryptocurrency, made a complete U-turn last February, declaring the leading cryptocurrency a failure. On February 12, the eminent mathematician revealed that he had started selling his Bitcoin, criticizing the volatility of the flagship cryptocurrency and saying it was unable to become a viable means of payment after a falling out with the author of “The Bitcoin Standard”, Saifedean Ammous. .
The author of several popular finance books has clashed with famous cryptocurrency personalities, caustically joking that Bitcoin enthusiast Dan Held has a “monocellular” brain among other things.
Taleb hasn’t softened his stance on bitcoin after he annoyed the cryptocurrency community with his scathing comments. Last June, he published an article titled “Bitcoin, Currencies, and Bubbles,” in which he laid out his bearish case for the biggest cryptocurrency. that it had failed both as a currency and as a hedge against inflation. In July, he tweeted that the world’s largest cryptocurrency was “a magnet for fools.”
In December, he said that Bitcoin was a “clunky” and “obsolete” product of low interest rates, predicting that it will collapse due to high inflation. Last month, Taleb described Bitcoin as a contagious disease.
However, the famous statistician is not bearish on Bitcoin because he thinks it would be “irrational” to shorten it.
