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

“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…

[YouTube] Nassim on Market, Crypto, and Gold

Nassim Nicholas Taleb in an interaction with Ami Shah of ETMarkets.com on the sidelines of Times Network India Economic Conclave talks about what makes him bullish on gold, why he’s still betting on crypto, and why he doesn’t invest in India.

Note: If viewing this as an email please click through to the post to view content.

Nassim Taleb on Bitcoin: “Bitcoin is the beginning of something great”

In Nassim’s recent Ask Me Anything (AMA) on Reddit he was asked about Bitcoin. His response:

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.

But I am not familiar with the specific product to assert whether it is the best potential setup.
And we need a long time to establish confidence. I only talk from skin-in-the-game.
If I had money in bitcoin, I would have reported it. But I don’t yet.
I am waiting to understand it better, not with my brain, but with my experience…

http: // www. reddit. com/ r/ IAmA/ comments/1a…