Nassim on CNBC Squawk Box: Crypto is a cult coupled with a financial instrument

As a scientific advisor for Universa Investments and author of ‘The Black Swan’, Nassim Taleb recently appeared on ‘Squawk Box’ to discuss the current state of the markets and economy. During the interview, he expressed his concerns about a potential bubble looming in the near future. Additionally, he shared his thoughts on the impact of cryptocurrency on the economy. Overall, Taleb provided valuable insights into the current economic landscape and potential risks that investors should be aware of.

Full Interview Link: Available to CNBC Pro Subscribers – Watch CNBC’s full interview with ‘The Black Swan’ author Nassim Taleb

[YouTube] Black Swan Author Taleb on Markets, Interest Rates, Bubbles, Investing

Universa Investments Senior Scientific Advisor Nassim Taleb says the stock market is way too overvalued given current interest rates, and the road back to normal will be “very painful for some.” Taleb spoke exclusively to Bloomberg’s Sonali Basak at an investor day in Miami on Thursday. Earlier, Universa Investments told clients that ballooning debts across the global economy are poised to wreak havoc on markets rivaling the Great Depression.