Tag: Andrew Ross Sorkin

Nassim on CNBC Squawk Box: Bitcoin is a ‘gimmick’ and a ‘game,’ says it resembles a Ponzi scheme

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“Black Swan” author Nassim Nicholas Taleb on Friday criticized bitcoin as a “gimmick,” telling CNBC he believes it’s too volatile to be an effective currency and it’s not a safe hedge against inflation.

Basically, there’s no connection between inflation and bitcoin. None. I mean, you can have hyperinflation and bitcoin going to zero. There’s no link between them,” Taleb said in a “Squawk Box” interview.

Link to the interview: cnbc.com/2021/04/23/bitcoin…

Nassim on CNBC Squawk Box: Global coronavirus response a case study of government incompetence and denial

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In a “Squawk Box” interview, Taleb specifically pointed to the importance of coronavirus testing. While countries have improved their capacity since the early days of the Covid-19 outbreak, Taleb said there has been a failure to develop quick, efficient testing at a scale that can cut off chains of transmission early. It also has the least economic cost, he said.

Link to the interview: cnbc.com/2020/11/02/…